This property is Off-Market

1201 North Mitsubishi Motorway
Bloomington, IL 61701 ·

133,512 SF · Office For Sale

N/A

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IRS National Distribution Center

Price N/A Occupancy 100%
Building Size 133,512 SF Building Class A
Property Type Office Tenancy Single
Property Sub-type Institutional/Governmental Year Built 2008
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 10.27 AC
Cap Rate 7.75%
Listing ID: 17107338 Date Created: 04/07/2011 Last Updated: 06/03/2011

Description

The Bloomington IRS National Distribution Center (NDC) is a 133,512-square-foot, single-tenant building, occupied by the Internal Revenue Service (IRS). This is a mission critical facility for the IRS, and there are no other locations functionally similar to this in the entire country. The IRS occupies this building on an original 15-year lease term. The lease is guaranteed by the United States of America, which has the highest grade credit available. This facility was built-to-suit for the IRS, with completion in May of 2008. The building consists of approximately 18,553 gross square feet of office, 56,403 gross square feet of Order Fulfillment area (which includes office lighting and HVAC), with the remaining balance being warehouse space. The building features high quality construction, meeting the strict standards of the U.S. Government. The building has a 30-year roof warranty, which was specifically requested by the GSA during the development of this facility, which reflects their long term plans to occupy this property.

The IRS NDC is a consolidation of three facilities that had previously served these same purposes for the IRS. Before construction of the new IRS NDC, there was a location on the East Coast, West Coast, and a central location in Bloomington, IL. The new facility allows the IRS to operate from one central location, is much more efficient, and allows much more density than the former buildings. The IRS NDC features 28-foot clear height warehouse space, as well as five-high racking and wire-guided forklift trucks.The IRS NDC provides order fulfillment services and distribution of published products to IRS internal and external customers. There are many important functions performed by the IRS NDC; please request an OM for complete details. The city of Bloomington and McLean County comprise the fastest-growing metropolitan area in Illinois. Although Bloomington is situated in one of the most agricultural regions of the nation, its economy is diverse and balanced being home to major manufacturers, two universities and many banks.

Highlights

  • Single-Tenant Investment with AAA Credit - U.S. Government
  • Original 15-Year Lease Term with Federal Government
  • Mission Critical Facility, Only One of Its Kind in the U.S.
  • 2008 Build-to-Suit Construction
  • 30-Year Roof Warranty
  • Property Delivered Free and Clear

Research

1201 North Mitsubishi Motorway, Bloomington, IL 61701 (McLean County)

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