815-979-0242
6000 E State St, Rockford, IL for Sale
Office - FOR SALE
1/12
null | 11.01% Cap Rate

6000 E State St
Rockford, IL 61108


HIGHLIGHTS

  • 88% NNN Leased Multi-Tenant Office Investment Opportunity
  • 10.01% Cap on Year-1 NOI - Room to Lever AND Cashflow!
  • Prominent Hard-Corner Location - Over 60,000 ADT

OVERVIEW

SOLID INVESTMENT OPPORTUNITY - 88% NNN leased, class-A office offering at the NEC of E State and Mulford in Rockford, IL. Stabilized revenue with upside featuring a host of long-time, on-time tenants, staggered maturities and located on one of the city's most prominent commercial corners boasting over 60,000 ADT. Executive summary attached. Full offering available with signed CA. Please contact broker for further information. - The Rockford, IL MSA features +/- 340,000 residents and is located along the I-90 corridor between Chicago and Milwaukee. Locally, the post-COVID office category continues to be supported by an active and diverse marketplace and consistent growth in core business sectors such as automotive and aerospace manufacturing, logistics, healthcare and higher education. Broker interest.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

11.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CLASS-A OFFICE - High Profile Corner

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

294

LAND DETAILS

LAND ACRES

5.19 AC

LAND SF

226,076 SF

ZONING

C-2; Rockford

APN/PARCEL ID

12-22-352-002,12-22-353-011,12-22-353-014

ASK ABOUT THIS PROPERTY

C. Shane Van SickleLandMark Real Estate Group LLCMore Info
815-979-0242

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C. Shane Van SickleLandMark Real Estate Group LLCMore Info
815-979-0242

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