19 results
Address
Price
Size
MOTIVATED SELLER - REDUCED - CSL Plasma & Crossing Healthcare Medical Center - Decatur, IL
1025-1029 N Water St
Decatur, IL
Lot Size:0.76Acres
The property located at 1025-1029 North Water Street offers an investor an exceptional opportunity to purchase a manageable, stable asset that provides a generous cash flow. With only three tenants to manage, the asset is perfect for an investor looking for a more passive investment. The largest tenant CLS Plasma, which occupies roughly 50 percent of the rentable area, has been a tenant since 1996 and has a high demand with heavy traffic offering for the surrounding demographic. The three tenants that occupy the property are CSL Plasma, Crossing Healthcare, and Debbie's Gaming. Of the three tenants 94.3 percent is leased to medical tenants: CSL Plasma and Crossing Healthcare. The remaining square footage of 5.71 percent is leased to Debbie’s Video, Poker and Slots. Crossings Healthcare has expressed interest in leasing Debbie’s space, should the space become available. Crossing Healthcare is a federally qualified health center that provides primary outpatient medical care to Macon and surrounding counties. Formerly known as Community Health Improvement Center (CHIC), the organization operates as a non-profit organization, comprised of medical professionals who are driven to provide quality care and service to the community. Providers at Crossing Healthcare are passionate about bringing the best care to those with the highest need. Additionally, Crossing Healthcare has expanded twice within the property. Once to add a methadone treatment clinic and then to add behavioral component to help patients handle drug addiction. The going in cap rate on the current rents and in-place expenses and taxes is 10.14 percent. Upon sale there will most likely be a reassessment of the taxes which would yield a one-year proforma cap rate of roughly 8.36 percent. Assuming a 70 percent LTV 20-year amortizing loan, with no interest only period, and an interest rate of five percent, an investor can still expect a year-one cash yield of 9.39 percent. Built in 1980's the property is fully occupied and has undergone improvements last year. Crossing Healthcare, whom occupies roughly 45 percent of the rentable area, underwent a $400,000 - $500,000 remodeling. Additionally, CSL Plasma is undergoing a remodel to add new cooling equipment for plasma draws. In addition to the tenant remodels, the roof is in very good condition, with one portion being brand new. The property located at 1025-1029 North Water Street offers an investor an exceptional opportunity to purchase a manageable, stable asset that provides a generous cash flow. With only three tenants to manage, the asset is perfect for an investor looking for a more passive investment. The largest tenant CLS Plasma, which occupies roughly 50 percent of the rentable area, has been a tenant since 1996 and has a high demand with heavy traffic offering for the surrounding demographic. The three tenants that occupy the property are CSL Plasma, Crossing Healthcare, and Debbie's Gaming. Of the three tenants 94.3 percent is leased to medical tenants: CSL Plasma and Crossing Healthcare. The remaining square footage of 5.71 percent is leased to Debbie’s Video, Poker and Slots. Crossings Healthcare has expressed interest in leasing Debbie’s space, should the space become available. Crossing Healthcare is a federally qualified health center that provides primary outpatient medical care to Macon and surrounding counties. Formerly known as Community Health Improvement Center (CHIC), the organization operates as a non-profit organization, comprised of medical professionals who are driven to provide quality care and service to the community. Providers at Crossing Healthcare are passionate about bringing the best care to those with the highest need. Additionally, Crossing Healthcare has expanded twice within the property. Once to add a methadone treatment clinic and then to add behavioral component to help patients handle drug addiction. The going in cap rate on the current rents and in-place expenses and taxes is 10.14 percent. Upon sale there will most likely be a reassessment of the taxes which would yield a one-year proforma cap rate of roughly 8.36 percent. Assuming a 70 percent LTV 20-year amortizing loan, with no interest only period, and an interest rate of five percent, an investor can still expect a year-one cash yield of 9.39 percent. Built in 1980's the property is fully occupied and has undergone improvements last year. Crossing Healthcare, whom occupies roughly 45 percent of the rentable area, underwent a $400,000 - $500,000 remodeling. Additionally, CSL Plasma is undergoing a remodel to add new cooling equipment for plasma draws. In addition to the tenant remodels, the roof is in very good condition, with one portion being brand new.
Sale:
$1,654,000
$1,654,000
0.76Acres
City Plaza
222 E North St
Decatur, IL
This is an exceptional office with lots of light, privacy windows, two offices, reception area, large conference room, small kitchenette and handicapped restroom. It is street level with a private entrance and parking at the door. Ideal for a law or accounting practice. Located downtown near the courts, banks, restaurants, theaters, city and county offices, post office, library, etc. On-site management.
More info
More info
150 East William Street
150 E William St
Decatur, IL
More info
More info
222 East North Street
222 E North St
Decatur, IL
More info
More info
410 North Water Street
410 N Water St
Decatur, IL
More info
More info
445 North Franklin Street
445 N Franklin St
Decatur, IL
More info
More info
242 East North Street
242 E North St
Decatur, IL
More info
More info
770 East Eldorado Street
770 E Eldorado St
Decatur, IL
Lot Size:0.62Acres
Sale:
$299,999
$299,999
0.62Acres
146 South Water Street
146 S Water St
Decatur, IL
More info
More info
135 East Prairie Street
Decatur, IL
Lease:
More info
More info
More info
445 North Franklin Street
445 N Franklin St
Decatur, IL
More info
More info
469 East Wood Street
Decatur, IL
More info
More info
241 North Main Street
241 N Main St
Decatur, IL
Lease:
More info
More info
More info
160 South Water Street
160 S Water St
Decatur, IL
More info
More info
190 North Merchant Street
190 N Merchant St
Decatur, IL
More info
More info
151 West Prairie Avenue
151 W Prairie Ave
Decatur, IL
Sale:
$400,000
$400,000
More info
500 East Main Street
Decatur, IL
More info
More info
217 North Main Street
217 N Main St
Decatur, IL
Sale:
$99,500
$99,500
More info
252 North Park Street
252 N Park St
Decatur, IL
More info
More info
No results found
Try zooming out to search a larger region or try broadening your limits on size, price, etc.
Market Stats
62523 has 19 commercial real estate spaces for lease, representing 64,536 sqft space. 4 buildings are available for sale.
Cities that include 62523
Metropolitan areas that include 62523
Search Specific Use Types
Office Space | For Lease | For Sale |
Retail Space | For Lease | For Sale |
Industrial Space | For Lease | For Sale |
Medical Office | For Lease | For Sale |
Coworking Space | ||
Executive Suite |
All Content © 2024 OfficeSpace.com, All Rights Reserved.
Terms of Use
&
Privacy Policy
This site is protected by reCAPTCHA and the Google
Privacy Policy
and
Terms of Service
apply.
Need Help?
Tell us about your space needs.
OfficeSpace.com
Tell us about your space requirements.
We're here to help!