This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
420-482 Wylie Dr - Crossroads Center Business Condominiums
62,317 SF Light Industrial Unit Offered at £2,429,281 in Normal, IL 61761
Investment Highlights
- This investment opportunity consists of a fully leased space of approximately 62,317 sq. ft. suitable for various uses.
- The rapidly growing faith community, Greater Love Church, utilizes approximately 10,680 sq. ft. of space.
- ACC Exlectronix, the primary tenant, occupies around 51,637 sq. ft. and has been providing electronic manufacturing and assembly services since 1976.
- The property is in a convenient location and has ample parking.
Executive Summary
Fully leased Investment Sale with a 9.62% cap rate! NOI = $322,303. Consists of two tenants, ACC Electronix and Greater Love Church, in 62,317 sq. ft. at the Crossroads Center. Tons of parking in this repurposed outlet mall, where many condos are owner occupied, including CI Shooting Sports, YouthBuild, and the Vineyard Church. Signage visible from I-55. Includes Parcels 14-31-303-007; -016; -017; -018; -019; -020; -021; -022; and -023.
Property Facts
1 Unit Available
Unit 420-482
| Unit Size | 62,317 SF | Sale Type | Investment |
| Price | £2,429,281 | Net Initial Yield | 10.48% |
| Price Per SF | £38.98 | NOI | £254,622.59 |
| Unit Use | Light Industrial |
| Unit Size | 62,317 SF |
| Price | £2,429,281 |
| Price Per SF | £38.98 |
| Unit Use | Light Industrial |
| Sale Type | Investment |
| Net Initial Yield | 10.48% |
| NOI | £254,622.59 |
Sale Notes
Fully leased Investment Sale with a 10.74% cap rate! NOI = $322,303. Consists of two tenants, ACC Electronix and Greater Love Church, in 62,317 sq. ft. at the Crossroads Center. Tons of parking in this repurposed outlet mall, where many condos are owner occupied, including CI Shooting Sports, YouthBuild, and the Vineyard Church. Signage visible from I-55. Includes Parcels 14-31-303-007; -016; -017; -018; -019; -020; -021; -022; and -023.
DEMOGRAPHICS
Demographics
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Air Conditioning
zoning
| Zoning Code | B-1 |
| B-1 |
Presented by
420-482 Wylie Dr - Crossroads Center Business Condominiums
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.