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3201 W White Oaks Dr
Springfield, IL 62704
Park Place One · Office Property For Sale
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
$10,817,089
Price Per SF
$107.97
Cap Rate
9%
NOI
$973,538
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
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
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