2 Industrial Building Investment

Overview

  • Investment For Sale
  • 2205 Pleasant Street, DeKalb, IL 60115.
  • Price: $1,450,000
  • 40,900 sq. ft.

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Highlights

  • 2 Leased Buildings One Price
  • 7.7% CAP RATE

TWO BUILDINGS – ONE OWNER

Two, one owner pre-engineered steel 98.5% leased industrial buildings with 1 vacant manager’s office that could be leased. Buildings are adjacent with 2 PINs and share a rear parking area on 3.28 acres. 5 tenants, most have been there a long time. 7.7% CAP rate includes deductions for vacancy, management and reserves. Upside potential as some rents are below market. July 2020 appraisal on file for $1,600,000. Contact broker for rent roll and operating statement. Second building address is 633 Enterprise Ave. Both must be sold as a package

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