325 W Adams St | Springfield, IL 62704
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- LoopNet Team
325 W Adams St
Springfield, IL 62704
State Of Illinois Comptroller · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Occupied by the Comptroller for Over 40 Years | New 5-Year Renewal & 5-Year Option
- Step from the State Capital | Dept. Of Revenue | Supreme Court | Secretary of State
- 2.5 X Below Replacement Cost | Below Market Rent | 2021 Interior Remodel | Fiber Internet
- Executive Branch | Accounts The $45B Budget (5th Largest) | Mission Critical Tenant
- Largely Responsible for 2021 Credit Upgrades By S&P & Moody's (BBB & Baa3)
- Office Sub-Market: 96.3% Occupancy Rate (Costar Analytics) | Below Market Rent
PROPERTY FACTS
Property Type
Office
Building Size
101,500 SF
Building Class
B
Year Built/Renovated
1962/2002
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
25,375 SF
Building FAR
0.97
Lot Size
2.41 AC
Parking
142 Spaces (1.4 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,663,682 | |
| Land Assessment | $454,807 | Total Assessment | $2,118,489 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$454,807
Improvements Assessment
$1,663,682
Total Assessment
$2,118,489
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