Rockford Suburban Office Portfolio
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Rockford Suburban Office Portfolio
3 Properties in Rockford, IL
Investment Highlights
- Robust workforce talent pipeline with nearly 160,000 employees in Winnebago County labor force
- Irreplaceably located in Rockford’s business district and nearby many top area amenities
Executive Summary
+ 90,719 SF Two Office & One Retail Buildings
+ Professionally managed and impeccably cared for with over $800,000 of capital improvements completed since 2016 (breakout of single building expenditure located on page 47)
+ Two, cash-flowing Office assets totaling 72,113 SF, with a value-add lease up opportunity with of approximately 25% vacancy.
+ 100% leased Retail strip center with 4.62 years of weighted average lease term remaining, with
high credit tenants that include Physicians Immediate Care and OrangeTheory Fitness.
+ Professionally managed and impeccably cared for with over $800,000 of capital improvements completed since 2016 (breakout of single building expenditure located on page 47)
+ Two, cash-flowing Office assets totaling 72,113 SF, with a value-add lease up opportunity with of approximately 25% vacancy.
+ 100% leased Retail strip center with 4.62 years of weighted average lease term remaining, with
high credit tenants that include Physicians Immediate Care and OrangeTheory Fitness.
Property Facts
| Net Initial Yield | 9.10% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 90,719 SF |
| Status | Active | Total Land Area | 5.25 AC |
| Number of Properties | 3 |
| Net Initial Yield | 9.10% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 90,719 SF |
| Total Land Area | 5.25 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1111 S Alpine Rd, Rockford, IL 61108 | Office | 49,931 SF | 1968 | - |
| 4615 E State St, Rockford, IL 61108 | Office | 22,182 SF | 1987 | - |
| 6575-6595 E State St, Rockford, IL 61108 | Retail | 18,606 SF | 1995 | - |
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Rockford Suburban Office Portfolio
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