27 & 29 AIRPORT DRIVE

Industrial for Sale
Catylist Listing ID: 30297535
Property Subtypes: Warehouse/Distribution
Building Size (RSF): 38,311 SF
Gross Land Area: 3.08 Acres
Sale Price: $380,000
Unit Price: $9.92 PSF
Ceiling: 16 ft.
Docks/Doors: 2 Docks, 9 Doors
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/15/2019

Overview / Comments

LOCATED MINUTES FROM AIRPORT; TWO SEPARATE BUILDINGS CONNECTED BY 5,000 S/F OF VACANT WAREHOUSE AREA. BUILDING AT 27 AIRPORT DRIVE IS 15,128 SF INCLUDING THE 5,00OS/F OF CONNECTING SPACE REFERENCED ABOVE WITH 1,800 SF OF VERY NICE OFFICE SPACE, 16' CEILING IN WAREHOUSE, 10' CEILING IN OFFICE, DOCK, 4 OVERHEAD DOORS 10,200 S/F IS CURRENTLY LEASED UNTIL 1/31/2021. BUILDING AT 29 AIRPORT DRIVE IS NOW VACANT AND AVAILABLE FOR LEASE HAVING 23,200 S/F OF SPACE WITH 3,600 S/F OFFICE SPACE IN FAIR CONDITION AND 19,600 S/F OF WAREHOUSE, 3 OVERHEAD DOORS (12X12, 10X12, 10X10). IN ADDITION THE 5,000S/F OF CONNECTING SPACE IS ALSO AVAILABLE FOR LEASE AT $3.50PER S/F NNN. ALL LOCATED ON 3.08 ACRES WITH ROOM TO EXPAND. LAND IS LEASED FROM AIRPORT. PROPERTY TO BE SOLD "AS IS".

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $36,917 (Annual)
Assessed Value - Total($) $248,834 (Annual)

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 15-11-376-004, 15-11-376-005
Zoning: I2
Airports: Chicago- Rockford
Site Description: LAND LEASE
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1971
Construction/Siding: Concrete
Parking Type: Surface
Parking Description: BLACKTOP, GRAVEL
Total Parking Spaces: 50
Amps: 400
Volts: 460
X-Phase: 3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 571 40,396 110,973
Median Age: 45.61 35.25 35.23
Households: 258 15,436 43,274

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