Steel City Plaza
Steel City Plaza is an established 15,600 square foot multi-tenant retail center
Marketing description
Manor real estate is pleased to present the opportunity to acquire a 100% fee simple interest in a two (2) property portfolio within Granite City, Illinois (“The Properties”), comprised of Steel City Plaza and Green Professional Park
Steel City Plaza is an established 15,600 square foot multi-tenant retail center with 84.6% occupancy. The center features a desirable mix of 7 tenants with uses including Imo’s Pizza, a Nail Salon, Laundromat, Hair Salon and more.
Green Professional Park is a four (4) building office complex, each building measuring approximately 3,584 square feet. Green Professional Park is a tremendous value-add opportunity through lease-up of vacancy and/or sales of the individual buildings to end users.
The Properties are being offered solely as a package for $2,150,000 (7.3% CAP).
Investment highlights
- 15,600 square feet
- Imo’s Pizza, Central Laundry, Nail Salon, Café & more
- 85% Occupied
- NNN Leases
- 2,400sf For Lease
- NOI of $163,885
- $1,700,000 = 9.64% CAP // $108.97 PSF
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