6845 Weaver Rd. is a 6,172 SF well-constructed, Class A quality, single-story, multitenant office building situated on a 1.10 acre parcel. The property features quality finishes, an attractive and well landscaped setting and enjoys a desirable location in northeast Rockford, just one mile west of the I-90/E. Riverside Blvd. interchange. Built in 1999, the building has an attractive brick and stone exterior and upscale lobby with coffered ceiling, rich wood and glass tenant entrances and ceramic flooring. Tenant spaces are well appointed and inviting.
The three-tenant building offers the investor a stable cash flow. The property enjoys 100% occupancy with two of the three tenants signing new 5-year leases in mid 2024. At the same time, the owner has maintained the building well while keeping operating expenses steady.
The property is being offered at $745,000 and cap rate of 8.12%.