Listed by Friedman Real Estate
$5,300,000
ThyssenKrupp + Dawson Logistics | Industrial Investment Sale
Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 185,000
Cap Rate 9.20%
NOI $485,715
Occupancy 100%
Tenancy Multi
Lease Type Net
Price per SqFt $27
Year Built 1947
Year Renovated 2025
Buildings 1
Stories 1
Acreage 12.000
Industrial | 9.20% CAP | 185,000 SqFt
Investment highlights
185,000 SF two-tenant industrial investment property located in Danville, IL
Mix of national and regional credit tenancy: Thyssenkrupp and Dawson Logistics
Significant room to increase rents; both tenants are on below-market modified gross leases
Priced significantly below replacement cost at $27 per-square-foot
Major capital improvements recently completed including new roof and tuckpointing
Sale includes undeveloped land for future development or leasing potential
Located in Danville, IL, the county seat of Vermilion County with a population of approximately 70,000
Strategic Midwest location approx. 90 miles from Indianapolis, 35 miles from Champaign Urbana, 150 miles from Chicago, and 270 miles from St. Louis and Detroit
Listing Contacts
Listed by Friedman Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$485,715.00
$40,476.25/mo
Valuation Metrics
0
DSCR
9.16%
Cap Rate
9.16%
ROI
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