100% Leased Office Investment

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.