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Alton Multi Specialists 1 Professional Dr 64,800 SF 100% Leased Office Building Alton, IL 62002 $4,000,000 ($61.73/SF)
Investment Highlights
- NNN Rents
- ADA Compliant
- Ready Access to Major Highways
- Major Medical Tenants with 2-5 Leases
- Abundance of Parking
Executive Summary
Excellent investment opportunity & great central location! Medical office building w/64,800 sf w/approx. 54,000 rsf with over 1/2 of the building rented w/2-5yr NNN leases. The building consists of 2 floors & lwr level. The main floor offers a common area including a lobby, bathrooms, conference room & 2 elevators that service all 3 levels. There is prime space available on the 1st floor for lease. The lower & 2nd level are leased to a large St. Louis based medical healthcare system & 2 other prominent medical tenants. The exterior of the building is brick & glass & sits on 4.3 acres w/ a large asphalt parking area that has approx. 270 parking spaces, w/ 10 handicap. The property has 2 parcels & is zoned C2 General Commercial Dist. Uses include restaurant, retail stores professional/personal services and medical offices. This property has easy access to major hwys (Rte 3, Rte 140 & College Ave) & close to Interstates 255 & 270. Avg. daily vehicle counts are approx. 14,200 VPD.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
64,800 SF
Building Class
C
Year Built
1994
Price
$4,000,000
Price Per SF
$61.73
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
21,600 SF
Slab To Slab
9’
Building FAR
0.34
Lot Size
4.33 AC
Zoning
C-2 - Commercial District
Parking
270 Spaces (4.17 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Basement
- Direct Elevator Exposure
- Air Conditioning
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 23-2-08-08-05-101-054 | Improvements Assessment | $1,504,230 |
| Land Assessment | $305,500 | Total Assessment | $1,809,730 |
Property Taxes
Parcel Number
23-2-08-08-05-101-054
Land Assessment
$305,500
Improvements Assessment
$1,504,230
Total Assessment
$1,809,730
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Alton Multi Specialists | 1 Professional Dr
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