2008 Vandalia St
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2008 Vandalia St
2,172 SF 54% Leased Office Building Collinsville, IL 62234 £155,877 (£72/SF) 1.21% Net Initial Yield
Executive Summary
Financials based on Jan 2024 - August 2024 numbers with Suite #1 (largest main floor unit currently vacant) brining in an additional $900/mo. Current negative NOI will not allow for cap rate so 1% is used. This building would be best suited for a owner occupied user. Seller willing to finance pending on buyers financials.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£22,559
|
£10.39
|
| Other Income |
£2,309
|
£1.06
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£24,868
|
£11.45
|
| Taxes |
£4,643
|
£2.14
|
| Operating Expenses |
£18,856
|
£8.68
|
| Total Expenses |
£23,498
|
£10.82
|
| Net Operating Income |
£1,370
|
£0.63
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £22,559 |
| Annual Per SF | £10.39 |
| Other Income | |
|---|---|
| Annual | £2,309 |
| Annual Per SF | £1.06 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £24,868 |
| Annual Per SF | £11.45 |
| Taxes | |
|---|---|
| Annual | £4,643 |
| Annual Per SF | £2.14 |
| Operating Expenses | |
|---|---|
| Annual | £18,856 |
| Annual Per SF | £8.68 |
| Total Expenses | |
|---|---|
| Annual | £23,498 |
| Annual Per SF | £10.82 |
| Net Operating Income | |
|---|---|
| Annual | £1,370 |
| Annual Per SF | £0.63 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,172 SF
Building Class
B
Year Built
1986
Price
£155,877
Price Per SF
£72
Net Initial Yield
1.21%
NOI
£1,880
Percent Leased
54%
Number of Floors
1
Typical Floor Size
2,172 SF
Building FAR
0.44
Lot Size
0.11 AC
PROPERTY TAXES
| Parcel Number | 13-2-21-22-12-203-013 | Total Assessment | £70,544 (2023) |
| Land Assessment | £11,366 (2023) | Annual Taxes | £4,643 (£2.14/sf) |
| Improvements Assessment | £59,178 (2023) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
13-2-21-22-12-203-013
Land Assessment
£11,366 (2023)
Improvements Assessment
£59,178 (2023)
Total Assessment
£70,544 (2023)
Annual Taxes
£4,643 (£2.14/sf)
Tax Year
2024 Payable 2024
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2008 Vandalia St
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