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115 Executive Dr
Highland, IL 62249
NNN Leased Investment Property · Office Property For Sale
EXECUTIVE SUMMARY
Investment Property
Single tenant office building with long term tenant. Recently signed a five year extension through 12/31/29. Triple-net lease structure where tenant pays all utilities, maintenance and taxes. LED lighting installed 2018. Landlord responsible for roof and structure.
Single tenant office building with long term tenant. Recently signed a five year extension through 12/31/29. Triple-net lease structure where tenant pays all utilities, maintenance and taxes. LED lighting installed 2018. Landlord responsible for roof and structure.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
12,827 SF
Building Class
C
Year Built/Renovated
1989/2016
Price
$2,150,000
Price Per SF
$167.62
Cap Rate
8.37%
NOI
$179,955
Tenancy
Single
Building Height
1 Story
Typical Floor Size
12,827 SF
Building FAR
0.14
Lot Size
2.10 AC
Zoning
C-3 - Highway Business
Parking
58 Spaces (4.52 Spaces per 1,000 SF Leased)
AMENITIES
- Restaurant
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $440,130 | |
| Land Assessment | $29,890 | Total Assessment | $470,020 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$29,890
Improvements Assessment
$440,130
Total Assessment
$470,020
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