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1775 S Brookside St 12,000 SF Industrial Building Centralia, IL 62801 $960,000 ($80/SF) 10% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease – Zero landlord responsibilities, providing a true passive investment structure.
- Large Lot – Positioned on a ±4.14-acre parcel, offering strong underlying real estate value and future redevelopment potential.
- Attractive Rental Increases – 2.00% annual rent escalations deliver consistent cash flow growth and an effective hedge against inflation.
- New Long-Term Lease – Seller/Operator to execute a brand-new 10-year lease upon closing, ensuring immediate stability and tenancy commitment.
EXECUTIVE SUMMARY
Matthew M. Fitzgerald
License # 478027547 (IL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
License # 478027547 (IL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
| Price | $960,000 | Rentable Building Area | 12,000 SF |
| Price Per SF | $80 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 2001 |
| Cap Rate | 10% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.83/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 14’ |
| Building Class | B | No. Dock-High Doors/Loading | 1 |
| Lot Size | 4.14 AC | No. Drive In / Grade-Level Doors | 2 |
| Zoning | Commercial - Property is zoned for commercial use and will allow for the facility to grow and dispense marijuana per City | ||
| Price | $960,000 |
| Price Per SF | $80 |
| Sale Type | Investment |
| Cap Rate | 10% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 4.14 AC |
| Rentable Building Area | 12,000 SF |
| No. Stories | 1 |
| Year Built | 2001 |
| Tenancy | Single |
| Parking Ratio | 0.83/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | Commercial - Property is zoned for commercial use and will allow for the facility to grow and dispense marijuana per City |
AMENITIES
- Fenced Lot
- Security System
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Advanced Business Concepts
- Information
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Advanced Business Concepts | Information | - | - | - |
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PROPERTY TAXES
| Parcel Number | 15-14-24-400-008 | Improvements Assessment | $128,500 |
| Land Assessment | $12,700 | Total Assessment | $141,200 |
PROPERTY TAXES
Parcel Number
15-14-24-400-008
Land Assessment
$12,700
Improvements Assessment
$128,500
Total Assessment
$141,200
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1775 S Brookside St
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