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Multi-Tenant Industrial Investment 1475 B&H Industrial Ct 30,000 SF Industrial Building Millstadt, IL 62260 $1,605,044 ($53.50/SF) 8.82% Cap Rate
Investment Highlights
- Anchored by Minova Inc., a global mining solutions firm with $274M in revenue
- Includes 1.9-acre rocked drop lot with income potential
- Located near IL Routes 158, 163, and 15 for strong regional access
- Recent lease extensions with structured biennial rent increases
- Renovated in 2018 with galvanized steel roofing
Executive Summary
Multi- Tenant Industrial Investment opportunity with recent lease extensions in place. Major tenant occupying 25,800 SF of the 40,800 SF complex is Minova, a mining related company based in Georgetown with 722 employees an estimated revenue of $274.4M. Minova was started more than 40 years ago, as a global manufacturer and supplier of chemical and mechanical earth control products, adhesives and support equipment. Minova has manufacturing plants on five continents and operations in more than 25 countries. Minova is an industry-leading provider of grounds support solutions for the underground mining, construction, tunneling and civil engineering industries. Minova is wholly owned by Orica Limited.
Located within the Millstadt Industrial Park. Less than a mile from IL Rte 158, IL Rte 163, & 5 miles to IL Rte 15.
Located within the Millstadt Industrial Park. Less than a mile from IL Rte 158, IL Rte 163, & 5 miles to IL Rte 15.
Property Facts
| Price | $1,605,044 | Rentable Building Area | 30,000 SF |
| Price Per SF | $53.50 | No. Stories | 1 |
| Sale Type | Investment | Year Built/Renovated | 1984/2018 |
| Cap Rate | 8.82% | Parking Ratio | 0.67/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 20’ |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 3 |
| Building Class | B | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 2.40 AC | ||
| Zoning | Industrial | ||
| Price | $1,605,044 |
| Price Per SF | $53.50 |
| Sale Type | Investment |
| Cap Rate | 8.82% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 2.40 AC |
| Rentable Building Area | 30,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1984/2018 |
| Parking Ratio | 0.67/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | Industrial |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
3,600 SF Office/Warehouse Suite with (1) 12’x12' dock, clear span clear height of 16'-20', and warehouse space is heated. Additional outdoor storage is available for lease. Located within the Millstadt Industrial Park. Less than a mile from IL Rte 158, IL Rte 163, & 5 miles to IL Rte 15.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 3,600 SF | Industrial | - | Now |
1st Floor
| Size |
| 3,600 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
1st Floor
| Size | 3,600 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
3,600 SF Office/Warehouse Suite with (1) 12’x12' dock, clear span clear height of 16'-20', and warehouse space is heated. Additional outdoor storage is available for lease. Located within the Millstadt Industrial Park. Less than a mile from IL Rte 158, IL Rte 163, & 5 miles to IL Rte 15.
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Property Taxes
| Parcel Number | 12-10.0-323-063 | Improvements Assessment | $113,242 |
| Land Assessment | $49,380 | Total Assessment | $162,622 |
Property Taxes
Parcel Number
12-10.0-323-063
Land Assessment
$49,380
Improvements Assessment
$113,242
Total Assessment
$162,622
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Multi-Tenant Industrial Investment | 1475 B&H Industrial Ct
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