For Sale
For Sale
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Year Built
1974 (Renovated 1999)
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Overview
Entire 83,400 SF building available for sale. Originally building with 20' clear ceiling was built in 1974, and it was expanded by 34,300 SF in 1999 with 18' clear ceilings in the expansion space. Gas heat, A/C in office and 50% of the warehouse. 54% occupied, NOI is $312,996 per year, cap rate is 6.5% on actual income. Property is being sold on a "as is, where is" basis.
54% occupied
6.5% cap rate on actual income
Located minutes from I-55 (Rt. 59 and I-55 full interchange)
Environmentally clean
Class B industrial park
Low Will County real estate taxes
Property Details
83,400 SF Available As A Value-Add Investment Opportunity in Plainfield, IL
Entire 83,400 SF building available for sale. Originally building with 20' clear ceiling was built in 1974, and it was expanded by 34,300 SF in 1999 with 18' clear ceilings in the expansion space. Gas heat, A/C in office and 50% of the warehouse. 54% occupied, NOI is $312,996 per year, cap rate is 6.5% on actual income. Property is being sold on a "as is, where is" basis.
54% occupied
6.5% cap rate on actual income
Located minutes from I-55 (Rt. 59 and I-55 full interchange)
Environmentally clean
Class B industrial park
Low Will County real estate taxes
- Property TypeIndustrial
- Year Built1974Renovated 1999
- Sale Price$4,800,000
- Total Acres1.91
- Cap Rate7.0%
- Property ID2160664