Listed by Maloof Commercial Real Estate
$899,000
2014-2016 N. Knoxville Ave
Details
APN 14-05-351-021
Property Type Office, Retail
Sub Type Storefront, Traditional Office
Square Footage 6,119
Units 3
Cap Rate 7.25%
NOI $65,146
Occupancy 55.5%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 7.25%
Pro-Forma NOI $65,146
Price per SqFt $153
Class B
Year Built 1995
Year Renovated 2016
Stories 1
Acreage 0.840
Zoning CG General Commercial District
Investment Type Net Lease
Office Complex Investment
Marketing description
Located less than a mile from OSF St. Francis Medical Center, OSF Healthcare Children's Hospital of Illinois, Carle Health Methodist Hospital, and Ronald McDonald House Charities of Central Illinois. This location is surrounded by established residential neighborhoods, office/retail complexes, and restaurant establishments.
Investment highlights
6,119 SF NNN Retail/Office Center
Built in 1995, renovated in 2016
Zoned CG General Commercial District
55.5% occupancy
Landlord responsible for structural & roof
Abundant shared parking for tenants and patrons
Excellent visibility and high traffic counts
Owner willing to provide up to 1-year leaseback option
Listing Contacts
Listed by Maloof Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$65,146.00
$5,428.83/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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