Investment Overview
This flex industrial building combines two office spaces, a warehouse, and two bathrooms. An additional mezzanine provides ±302 SF of finished office space and a storage area. The warehouse features two overhead doors and an approximately 15-foot average ceiling height. The office and mezzanine areas have HVAC, while the warehouse has one space heater. It is situated on a .84-acre lot and is not located in a floodplain. It features approximately 9,000 SF of surplus land that lies north of the building and offers the opportunity for outdoor storage or future expansion (subject to zoning). This building is currently occupied and leasing through December 31st, 2028, at a cap rate of 9.5%.
Investment Highlights
- Heavy-Manufacturing Zoning
- 5,000 SF Building
- .84-acre lot
- City of Springfield: water, sewer, electric, and gas
- Full HVAC in the main office and mezzanine office areas
- One space heater in the warehouse area