5910-5960 FALCON RD

Industrial for Sale
Catylist Listing ID: 28512482
Property Subtypes: Flex Space, Food Processing, Industrial-Business Park, Manufacturing, Light Industrial, Net Leased, Warehouse/Distribution, General
Building Size (RSF): 368,649 SF
Gross Land Area: 15.44 Acres
Sale Price: $7,000,000
Unit Price: $18.99 PSF
Ceiling: 32 ft.
Docks/Doors: 27 Docks, 5 Doors
Office SF: 30,100 SF
Drive In Bays: 5 Bays
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: Parkside Warehouse
Sale Terms: Cash to Seller
Last Updated: 5/22/2018

Overview / Comments

3 BUILDINGS CLOSE TO CHICAGO/ROCKFORD INTERNATIONAL AIRPORT & UPS HUB. RAIL W/TO SPURS TO BUILDING. QUALIFIES TO BE FOOD GRD. POTENTIAL FOR MANUFACTURING OR WAREHSE. COULD MAKE AVAILABLE UP TO 150,000 SF DEPENDING ON LEASE TERMS.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $224,280 (Annual)
Assessed Value - Total($) $1,511,704 (Annual)
Potential Rental Income $1,230,610 (Annual)
Gross Operating Income $1,230,610 (Annual)
Net Operating Income $1,069,080 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Rockford
County: Winnebago
Taxing Authority: Winnebago County
Tax ID/APN: 15-14-402-007, 15-14-402-006, 15-14-402-008
Zoning: I2
Market Type: Large
Side of Street: East
Road Type: Paved, Highway
Transportation: Rail, Highway, Airport
Highway Access: Close to I 90 interchang
Rail Access: Yes
Airports: Chicago/Rockford International airport
Site Description: Building is at the corner of Falcon Rd. and Blackhawk Rd.sitting on 20 acres There are two active rail spurs serving this property, the server is Canadian pacific Railway. Adjacent to the Chicago Rockford International Airport which has UPS terminals at the airport. this property is within a Mile of the I 90/39 corridor. the buildings are in a Foreign Trade Zone.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Typical SF / Floor: 344,684 SF
Property Condition: Excellent
Year Built: 1973
Roof Type: Gable
Construction/Siding: Metal Siding
Exterior Description: All metal building in excellant condition, has been well maintained.
Parking Type: Surface
Total Parking Spaces: 250
Eave Height: 25
Sprinklers: Wet
Amps: 7,200
X-Phase: 3
Heat Source: Ceiling Units
Lighting: Mercury Vapor
Interior Description: all open areas, each bay is 1,000 sq ft. ceiling at peak 32 ft. eave height is 25 ft. Very clean well kept buildings.
Zoning Description: LI
Land Ownership: Ground lease to Chicago Rockford international airport
Legal Description: IN OFFICE

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,088 22,861 83,420
Median Age: 42.53 37.73 35.86
Households: 445 8,717 32,353

Contact

Photograph of Listing Agent

Tom Herschlag

DICKERSON NIEMAN COMMERCIAL
ICEx Member
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