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Industrial Business Park for Sale in Illinois

Normal, IL (McLean County)

Industrial Business Park for Sale in Illinois
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Asking Price: $7,600,000

Cash Flow: $697,658

Gross Revenue: N/A

EBITDA: N/A

FF&E: $50,000

Inventory: N/A

Real Estate: $7,600,000

Established: 1997

Industrial Business Park for Sale in Illinois

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Business Description

Location, Location, Location for this fully occupied business park for sale in Illinois. This is a commercial/light industrial business park where tenants use the units for various purposes including distribution, small manufacturing or machining, installation services, repair services, contracting offices, warehousing, storage, sales offices, etc. This is a real estate opportunity as far as major long-term income-generating assets are concerned, but from a cash flow standpoint, this is primarily a property management business with income generated from the unit rentals. There are several buildings that are single or multi-tenant units of various sizes as designed for rental purposes. The rent has not been increased at all over the year on any units to our knowledge so that is a huge upside for a new owner to phase in a significant increase over time with an already extremely profitable income-producing business park. The units are fully occupied now and have been consistent since the development of the business park started in the mid-late 1990's.

Current rent roll gross revnue is $803,068.21

Gross annual cash flow (SDE) is $697,657.80 as true owner benefit average over the last two years.

All financial numbers subject to change if/when any new information becomes available and subject to full review by a buyer or buyer group during the appropriate due diligence process in the post-offer acceptance phase.

Detailed Information

Location:
Normal, IL
Real Estate:
Owned
Included in asking price
Building SF:
154,610
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The land area is approximately 11.72 acres.The improvement size is approximately 154,610 sq ft.
Competition:
Nothing of this exact size, scope, location.
Growth & Expansion:
There remains some open area of perhaps one acre that can still be developed for addition expansion.
Support & Training:
As much as needed an discussed during the purchase process. This is a very low touch model with limited need for employees or even ownership onsite.
Reason for Selling:
Begin semi-retirement.
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(from currently available funds)
 
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Dennis Hansmann

Business Listed By:
Dennis Hansmann

American Business Acquisitions Inc.

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