2028 W Main St - Industrial FOR SALE


Salem, IL 62881
$12,153,846 USD
314-409-7283
2028 W Main St, Salem, IL for Sale
$12,153,846 USD
Industrial - FOR SALE
1/18
null | Request Cap Rate

2028 W Main St
Salem, IL 62881


HIGHLIGHTS

  • The first phase of the building was constructed in 2023 with a steel frame and metal skin. The second phase of construction was completed in 2024.
  • The facility has 8 docks and (3) 12'x14' drive in doors.
  • The property has heavy power with 480V, 3ph, 5,600 amp electrical service.
  • LED lighting with motion sensors.
  • The entire building is protected with ESFR sprinklers
  • The entire plant is air conditioned

OVERVIEW

93,078 SF single tenant absolute NNN investment property. The first phase of the building was constructed in 2023 with a steel frame and metal skin. The second phase of construction was completed in 2024. The facility has 8 docks and (3) 12’x14' drive-in doors. The property has heavy power with 480V, 3ph, 1,200 amp electrical service. The lighting is all LED lighting with motion sensors. The entire building is protected with ESFR sprinklers. The entire plant is air conditioned with (9) Rheem air handling units. There are two complete air compressor circuits serving the two different sections of the plant. Each circuit has an air compressor with a dryer, receiving tank and compressed airlines throughout the plant. These items will remain with the building and are not considered tenant’s property. Tenant is responsible for all upkeep and maintenance of the equipment. The property is located in Salem, IL. Salem is a city in South Central Illinois off of I-57 with a population of 7,000. Salem is the county seat for Marion County. It has a strong industrial manufacturing base with 17 manufacturing companies calling Salem home. The plant is 1/2 a mile from the interstate. High-Quality Tenant: The property is leased to a Tier 1 automotive supplier with a strong credit rating, providing stable and reliable income. Long-Term Lease: The tenant has 10 years remaining on their lease, ensuring a consistent cash flow for the investor. Rent Growth: The lease includes 2% annual rent increases, providing a hedge against inflation and increasing the property's value over time.

FOR SALE DETAILS

PRICE

$12,153,846 USD

PRICE/SF

$131 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

UTILITIES

-

CLEAR CEILING HT

28 Ft

DOCKS

8

DRIVE INS

3

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

1109300029

ASK ABOUT THIS PROPERTY

Steve ZuberBarberMurphy GroupMore Info
314-409-7283

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Steve ZuberBarberMurphy GroupMore Info
314-409-7283

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.