215 E Center Dr - Loft/Creative Space FOR SALE
Alton, IL 62002 |
$3,100,000 USD
612-432-9935
215 E Center Dr
Alton, IL 62002
HIGHLIGHTS
- Four Buildings Across Four Separate Parcels Totaling 4.88 Acres Featuring 42,241 SF of Retail/Office Space
- Diverse Tenant Mix: A Well-Balanced Mix of Retail, Dining, Medical and Service-Oriented Tenants That Cater to a Wide Range of Consumer Needs
- Value Add Opportunity: 22% Vacancy Presents an Immediate Opportunity For an Investor to Increase the Rental Income By Filling Vacancy
- NVA Pope Animal Hospital Recently Signed a 10-Year Lease; NVA Boasts Over 1,400 Total Locations Nationwide & Serves as a Stronger Anchor to the Center
- Proven Long Term Tenancy: Average Length of Tenancy is Over 13 Years
- The Property is Near Dozens of National Tenants and Nearby Traffic Drivers Including: The Alton Square Mall, Target, PetCo, Ross Dress For Less Etc.
OVERVIEW
Sands Investment Group is Pleased to Present Exclusively For Sale the Center Drive Multi-Tenant Portfolio in Alton, IL. Priced Attractively at Under $74 PSF, This 42,241 SF, Four Building Portfolio Spans Over 4.8 Acres and Offers a Diverse In-Place Tenant Mix, Along With Additional Value-Add Components Through Leasing Up the Vacancies, Providing For a Secure Investment.
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
FOR SALE DETAILS
PRICE
$3,100,000 USD
PRICE/SF
$73 USD /SF
CAP RATE
11.15%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Center Drive Multi-Tenant Portfolio - Alton
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Loft/Creative Space
ADD'L SUBTYPES
Storefront, Supermarket, Department Store
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
C
YEAR BUILT
1982
SPRINKLERS
-
PARKING SPACES
38
LAND DETAILS
LAND ACRES
4.88 AC
LAND SF
212,573 SF
ZONING
Commercial
APN/PARCEL ID
23-2-01-36-17-301-009
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612-432-9935
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612-432-9935
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