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2200 Churchill Rd 105,324 SF Office Building Springfield, IL 62702 $10,500,000 ($99.69/SF) 10.22% Cap Rate
Executive Summary
Owner will carry $1,000,000 at 0% interest in second position.
Cap Rate: 10.22%
Leased to Department of Central Management Services
Recent Five (5) year Lease Extension to show tenant’s commitment to site
Tenant has been on site since 2014
Property Facts
Amenities
- Courtyard
- Restaurant
- Recessed Lighting
- Outdoor Seating
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Public Administration
- -
- $13.00
- Modified Gross
- Nov 2014
The Illinois Department of Healthcare and Family Services (HFS) is responsible for providing healthcare coverage for adults and children who qualify for Medicaid, and for providing Child Support Services to help ensure that Illinois children receive financial support from both parents. The agency is organized into two major divisions, Medical Programs and Child Support Services. In addition, the Office of Inspector General is maintained within the agency, but functions as a separate, independent entity reporting directly to the governor's office. HFS was formerly the Illinois Department of Public Aid. The Division of Medical Programs administers and, in conjunction with the federal government, funds medical services provided to percent of the state’s population.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Public Administration | - | $13.00 | Modified Gross | Nov 2014 |
Property Taxes
| Parcel Number | 14-30.0-276-015 | Improvements Assessment | $2,248,195 |
| Land Assessment | $225,560 | Total Assessment | $2,473,755 |
Property Taxes
