100% Leased Office Investment

  SOLD December 2020 for $1,100,000

113 Newell Street, Woodstock, Illinois 60098


Documents
Building Size19,861 Square Feet
Land Size0.69 Acres
ZoningB3
Parking35 Private Lot
Watercity
Sewercity
Electric400 amp
Year Built1940

100% Leased bank owned single tenant (2 bldgs. adjoined) office property near downtown Woodstock. Long term tenant is State of Illinois. 113 Newell is occupied by DCFS and 512 Clay is occupied by Dept. of Human Services. Current lease is being extended thru 8/31/25. CAP rate of 9% includes 5% vacancy factor (even though there is no vacancy). 4% management fee and 5% reserve. These are 2 connected buildings, (1) single and (1) 2-story with elevator. 35 car private paved lot includes. Bldg. is approx. 19,800 SF per Assessor’s office. Sprinklered buildings in good condition. Ideal 1031 property. Ask broker for Operating Statement.


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


Powered by TotalCommercial.com