Rockford plaza memorandum
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Rockford plaza memorandum

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commercial real estate for sale illinois

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Rockford plaza memorandum Rockford plaza memorandum Document Transcript

  • ROCKFORD PLAZA ROCKFORD, IL OFFERING MEMORANDUMEXCLUSIVE LISTED BY: ANAND BHATT – aabhatt@gmail.com
  • ROCKFORD PLAZAROCKFORD, IL Investment overview We are pleased to present this multi-tenant prime opportunity in Rockford, IL. This property provides an investor the opportunity to purchase a well established and frequently trafficked construction with net-leases. THIS PROPERTY HAS FREQUENT INCREASES IN NET INCOME, SO PURCHASE NOW BEFORE THE PRICE GOES UP YET AGAIN. Qualified buyers are extended the opportunity to acquire a rarely available, well leased, 75,302 square foot Retail Strip Center that also boasts upside potential. Rockford Shopping Center is located on busy E. State St. in the established and rapidly-growing community of Rockford, Illinois. The property boasts a consistently strong rental history with a variety of Highly Accredited Tenants on well written leases. Investors will notice that this Rockford Shopping Center has a unique ability to accommodate its tenants needs for growth, giving the property its enormous upside potential. Given its centralized location, visibility, and traffic count, in addition to an abundance of surrounding residential developments, this property proves to be ideal for any investor. Rockford is a major city located on both banks of the Rock River in far northern Illinois (just NW of Chicago). Rockford is often referred to as "The Forest City" and is the county seat of Winnebago County, Illinois, USA. As reported in the 2000 U.S. census, the city was named the third-largest city in Illinois after Chicago and Aurora. The metropolitan area has 339,178 residents as of the 2000 census. During the latter part of the 20th century Rockford was the second largest city in Illinois.
  • ROCKFORD PLAZA ROCKFORD, IL Offering Summary Price $3,032,800 Gross Square Feet 75,302 VITAL DATA CAP Rate - Actual 9.0% Net Operating Income - Current $272,952Th is in f orm a t io n ha s be e n se c ur e d f ro m sou rc e s w e be l ie v e t o be re l i a bl e, but w e ma ke no r ep re s e nt a t i on s or w a r ra nt i e s , e xpr e ss e di m pl i e d, as t o t h e acc u rac y of t he i nfo rmat i on . R efe r e nc e s t o sq uar e foot ag e or age are ap p roxi ma t e . Bu ye r mu st v e ri f y t h ei n f orm a t io n a nd b e a rs a l l r is k f or a ny i n a cc u ra c ie s . AB CommercialCONTACT ANAND BHATT - AABHATT@GMAIL.COM 3
  • ROCKFORD PLAZAROCKFORD, ILRent Roll Total Taxes Base Rent CAM Income Monthly Proration Lease Reimbursement Tenants Income Rent Factor Sq. Ft Start Date Expires Secretary of State $4,357.50 $1,807.50 $420.00 $6,585.00 0.0598 4500 Mar-01 Feb-12 Vacant (former Big Lots) $0.00 $0.00 $0.00 $0.00 0.4036 30395 n/a n/a Family Dollar $4,541.67 $0.00 $0.00 $4,541.67 0.1087 8182 Jul-02 Jul-12 Aarons Furniture $5,000.00 $820.45 $1,155.86 $6,976.31 0.1464 11025 Feb-03 Feb-15 San Jose Cultural Center $7,000.00 $0.00 $0.00 $7,000.00 0.1339 10080 Jun-10 Sep-13 Certaire Tech (storage) $2,780.00 $0.00 $0.00 $2,780.00 0.1477 11120 mtm mtm TOTAL $20,899.17 $25,102.98 75302 INCOME Total Annual Rent $301,235.76 EXPENSES RE Taxes $65,596.00 Insurance $3,770.00 Maintenance $4,800.00 Landscaping $1,350.00 Snow Removal $6,056.00 Parking Lot Sweeping $6,000.00 Security/Alarm $1,150.93 Water & Sewer $2,918.19 Electric $2,238.64 Total CAM $28,283.76 Total Expenses $93,879.76 Net Operating Income $272,952
  • ROCKFORD PLAZAROCKFORD, IL Average Daily Traffic Count 12
  • ROCKFORD PLAZAROCKFORD, IL Aerial Photo 12
  • ROCKFORD PLAZARETAIL BUILDINGROCKFORD, ILOFFERING MEMORANDUMEXCLUSIVE LISTED BY: ANAND BHATT aabhatt@gmail.com 209-975-SELL