2311 Hoffman Dr - Office FOR SALE
Effingham, IL 62401 |
$636,000 USD
317-437-6544
2311 Hoffman Dr
Effingham, IL 62401
HIGHLIGHTS
- Single Tenant State-Leased Office Property: 6,220 SF Office on 1.14-Acres | Built 1989
- Credit Rated Tenant: Illinois Department of Employment Security (IDES) (S&P: A-)
- Build to Suit for Tenant: 36 Year Operating History | 5 Year Renewal (May 2023) | 3.2 Years Remaining | (1) 5 Year Option Remaining
- Exclusive Regional Workforce Location: Only IDES Office Serving Effingham County
- Strategic Location at Hoffman Dr & S Banker St/US-45: Major North-South Corridor with Direct Access to I-70 & I-57
- Strong Market Fundamentals: 76% Daytime Population Increase (Within 3 Miles)
FOR SALE DETAILS
PRICE
$636,000 USD
PRICE/SF
$102 USD /SF
CAP RATE
7.05%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1989
SPRINKLERS
-
PARKING SPACES
60
LAND DETAILS
LAND ACRES
1.14 AC
LAND SF
49,658 SF
ZONING
M-1
APN/PARCEL ID
0311032087
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317-437-6544
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317-437-6544
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