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3230 Executive Dr 8,007 SF 100% Leased Office Building Joliet, IL 60435 $875,000 ($109.28/SF) 5.32% Cap Rate
INVESTMENT HIGHLIGHTS
- 8,007 SF Building
- Zoned R-B
- Three + Leaseable Spaces
- 100% Occupied
EXECUTIVE SUMMARY
Presenting a prime commercial opportunity at 3230 Executive Drive, Joliet, IL, 60435. This impeccably maintained 8,007 SF office building, constructed in 1996, offers three separate units ideal for office space with the ability to divide further. Zoned R-B, this property represents a sound investment in the thriving Joliet area. With 100% occupancy, investors can capitalize on a steady income stream from day one. The prime location coupled with the property's strong rental history makes it an attractive option for discerning office building investors seeking a turnkey opportunity in a sought-after market.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Deferred Maintenance
Property Type
Building Size
8,007 SF
Building Class
C
Year Built
1996
Price
$875,000
Price Per SF
$109.28
Cap Rate
5.32%
NOI
$46,547
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,007 SF
Building FAR
0.25
Lot Size
0.75 AC
Zoning
R-B - Restricted Business
Parking
40 Spaces (5 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- BP & O Group
- Health Care and Social Assistance
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
- Environmental Design International Inc
- Professional, Scientific, and Technical Services
-
99,999 SF
- -
- -
-
Jan 0000
.
- Fladhammer
- Professional, Scientific, and Technical Services
-
99,999 SF
- -
- -
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| BP & O Group | Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Environmental Design International Inc | Professional, Scientific, and Technical Services | 99,999 SF | - | - | Jan 0000 | |
| Fladhammer | Professional, Scientific, and Technical Services | 99,999 SF | - | - | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 05-06-02-402-003 | Total Assessment | $296,853 |
| Land Assessment | $72,823 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $224,030 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
05-06-02-402-003
Land Assessment
$72,823
Improvements Assessment
$224,030
Total Assessment
$296,853
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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3230 Executive Dr
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