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Single-Tenant GSA Investment Property 103 Centre Dr 3,325 SF Office Building Petersburg, IL 62675 $1,095,000 ($329.32/SF) 8.66% Cap Rate
Investment Highlights
- Investment Grade GSA Tenant
- Build-to-Suit Government Facility (2016)
- No Landlord Improvements Required for Extension
- Early 5-Year Lease Extension
- Rental Rate Increase in New Term
- County Seat Location (Springfield, IL MSA)
Executive Summary
Coldwell Banker Commercial Devonshire Realty (CBCDR) is pleased to present a single-tenant General Services Administration (GSA) investment property leased to the United States Department of Agriculture (USDA) in Petersburg, IL.
Constructed as a build-to-suit facility for the USDA in 2016, the property has been continuously occupied by the agency since completion. The USDA has executed an early five-year lease extension in March 2026, commencing March 1, 2027. The extension includes a rental rate increase, partial reimbursement of landlord expenses, and requires no landlord-funded improvements or modifications.
The building features an efficient layout, including a vestibule, open office area with workstations, three private offices, a conference room, break room, dedicated server/IT room, and two ADA-compliant restrooms.
Constructed as a build-to-suit facility for the USDA in 2016, the property has been continuously occupied by the agency since completion. The USDA has executed an early five-year lease extension in March 2026, commencing March 1, 2027. The extension includes a rental rate increase, partial reimbursement of landlord expenses, and requires no landlord-funded improvements or modifications.
The building features an efficient layout, including a vestibule, open office area with workstations, three private offices, a conference room, break room, dedicated server/IT room, and two ADA-compliant restrooms.
Financial Summary (Pro Forma - 2027) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2027) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Building Size
3,325 SF
Building Class
A
Year Built
2016
Price
$1,095,000
Price Per SF
$329.32
Cap Rate
8.66%
NOI
$94,820
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,325 SF
Building FAR
0.06
Lot Size
1.31 AC
Zoning
R-1 - Low Density Residential
Parking
23 Spaces (6.92 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Controlled Access
- Courtyard
- Security System
- Signage
- Wheelchair Accessible
- Reception
- Storage Space
- Air Conditioning
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- USDA
- Public Administration
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| USDA | Public Administration | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
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Single-Tenant GSA Investment Property | 103 Centre Dr
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