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Park Place One 3201 W White Oaks Dr 100,184 SF 89% Leased Office Building Springfield, IL 62704 $11,125,000 ($111.05/SF) 8.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Best Product in Market
- Credit Tenancy
- Strong Regional Amenities
- High Quality Tenant Pool
- Positive Leasing Momentum
- Established and Stable Submarket
EXECUTIVE SUMMARY
Northmarq has been retained as exclusive advisor and agent to offer qualified investors an opportunity to purchase fee simple interest in Park Place One (the “Property”), a 94,029 square foot office building with Class A finishes in Springfield, Illinois. The 4-story building was constructed in 1988 and sits on 5.91 acres. It is the highest quality value-add opportunity in Springfield’s Southwest Submarket.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
100,184 SF
Building Class
A
Year Built
1988
Price
$11,125,000
Price Per SF
$111.05
Cap Rate
8.75%
NOI
$973,438
Percent Leased
89%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
25,046 SF
Building FAR
0.39
Lot Size
5.91 AC
Zoning
S-2 - Commercial
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- PNC Bank
- Finance and Insurance
- 3,462 SF
- $18.52
- Dec 2027
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| PNC Bank | Finance and Insurance | 3,462 SF | $18.52 | Dec 2027 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Fl-Ste 100C
- 3,759 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 203
- 915 SF
- Office
- Partial Build-Out
- Now
Second floor suite overlooking the open lobby. Space consists of 6 private offices, open work area for cubicles, break area, work are and storage.
Second floor suite consisting of 1-2 offices built out. The north portion of the suite is currently being used for storage, but could be combined and opened up to total 1,460 sq. ft.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 100C | 3,759 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 203 | 915 SF | Office | Partial Build-Out | Now |
| 2nd Fl-Ste 204 | 5,084 SF | Office | - | Now |
| 2nd Fl-Ste 206 | 1,460 SF | Office | Partial Build-Out | Now |
1st Fl-Ste 100C
| Size |
| 3,759 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 203
| Size |
| 915 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 204
| Size |
| 5,084 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 206
| Size |
| 1,460 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1 of 14
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Fl-Ste 204
| Size | 5,084 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Second floor suite overlooking the open lobby. Space consists of 6 private offices, open work area for cubicles, break area, work are and storage.
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Fl-Ste 206
| Size | 1,460 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
Second floor suite consisting of 1-2 offices built out. The north portion of the suite is currently being used for storage, but could be combined and opened up to total 1,460 sq. ft.
1 1
PROPERTY TAXES
| Parcel Number | 21-12.0-428-011 | Improvements Assessment | $2,705,554 |
| Land Assessment | $644,414 | Total Assessment | $3,349,968 |
PROPERTY TAXES
Parcel Number
21-12.0-428-011
Land Assessment
$644,414
Improvements Assessment
$2,705,554
Total Assessment
$3,349,968
1 of 106
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Park Place One | 3201 W White Oaks Dr
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