6845 Weaver Rd - Office FOR SALE


Rockford, IL 61114
$745,000 USD
815-218-3438
6845 Weaver Rd, Rockford, IL for Sale
$745,000 USD
Office - FOR SALE
1/8
null | 8.12% Cap Rate

6845 Weaver Rd
Rockford, IL 61114


HIGHLIGHTS

  • Features quality finishes, an attractive and well landscaped setting.
  • Property enjoys 100% occupancy to high-quality tenants.
  • 8.12% CAP rate.
  • Gross leases with 3% annual rent escalations.
  • 4.4 year weighted average years remaining on leases.
  • Desirable location in northeast Rockford.

OVERVIEW

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%.

FOR SALE DETAILS

PRICE

$745,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

8.12%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

C1

APN/PARCEL ID

12-03-428-015

ASK ABOUT THIS PROPERTY

Karen WalshCBRE, Inc.More Info
815-218-3438

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Karen WalshCBRE, Inc.More Info
815-218-3438

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