Alton Multi Specialists | 1 Professional Dr
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Alton Multi Specialists 1 Professional Dr
64,800 SF 75% Leased Office Building Alton, IL 62002 £4,699,800 (£73/SF)
Investment Highlights
- NNN Rents
- ADA Compliant
- Ready Access to Major Highways
- Major Medical Tenants with 2-5 Leases
- Abundance of Parking
Executive Summary
Excellent investment opportunity & great central location! Medical office building w/64,800 sf w/approx. 54,000 rsf with over 1/2 of the building rented w/2-5yr NNN leases. The building consists of 2 floors & lwr level. The main floor offers a common area including a lobby, bathrooms, conference room & 2 elevators that service all 3 levels. There is prime space available on the 1st floor for lease. The lower & 2nd level are leased to a large St. Louis based medical healthcare system & 2 other prominent medical tenants. The exterior of the building is brick & glass & sits on 4.3 acres w/ a large asphalt parking area that has approx. 270 parking spaces, w/ 10 handicap. The property has 2 parcels & is zoned C2 General Commercial Dist. Uses include restaurant, retail stores professional/personal services and medical offices. This property has easy access to major hwys (Rte 3, Rte 140 & College Ave) & close to Interstates 255 & 270. Avg. daily vehicle counts are approx. 14,200 VPD.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
64,800 SF
Building Class
C
Year Built
1994
Price
£4,699,800
Price Per SF
£73
Percent Leased
75%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
21,600 SF
Slab to Slab
9 ft
Building FAR
0.34
Lot Size
4.33 AC
Zoning
C-2 Gen'l Comm Dist.
Parking
270 Spaces (4.17 Spaces per 1,000 SF Leased)
Amenities
- Signage
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PROPERTY TAXES
| Parcel Number | 23-2-08-08-05-101-054 | Improvements Assessment | £1,064,090 |
| Land Assessment | £216,112 | Total Assessment | £1,280,202 |
PROPERTY TAXES
Parcel Number
23-2-08-08-05-101-054
Land Assessment
£216,112
Improvements Assessment
£1,064,090
Total Assessment
£1,280,202
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Alton Multi Specialists | 1 Professional Dr
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