Shopping Neighborhood
WEST PARK PLAZA
528 W Lincoln Ave, Charleston, IL 61920
Listing Price: $4,600,000
Cap Rate
8.39%
Gross SF
69,338
Rentable SF
69,338
Price/Gross SF
$66.34
Lot Size
6.44 acres
Year Built
1982
Investment Overview
LOCATED JUST WEST OF EASTERN ILLINOIS UNIVERSITY OVER 23,000 RESIDENTS WITHIN FIVE MILES WITH AN AVERAGE HOUSEHOLD INCOME OF $65,096 90 MILES FROM SPRINGFIELD 121 MILES FROM INDIANAPOLIS ADJACENT TO MANY NATIONAL & REGIONAL RETAILERS
WEST PARK PLAZA
Investment Highlights
- 85.35% OCCUPIED RETAIL CENTER - 16 TOTAL UNITS (11 LEASED AND 5 VACANT)
- NEW MODIFIED BITUMINOUS ROOF AND PARAPET METAL CAP (WEST BUILDING) - 20 YEAR MATERIAL/LABOR WARRANTY
- NEW ROOF-TOP HVAC UNITS (30 UNITS)
- NEW STUCCO FACADE (WEST BUILDING)
- RE-SURFACE ENTIRE EAST BUILDING ROOF - 20 YEAR MATERIAL/LABOR WARRANTY
- LEASE STRUCTURE - NINE TRIPLE-NET AND TWO GROSS
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
First Vice President / Regional Manager / Designated Managing Broker
Listing Price: $4,600,000
Cap Rate
8.39%
Gross SF
69,338
Rentable SF
69,338
Price/Gross SF
$66.34
Lot Size
6.44 acres
Year Built
1982
Investment Highlights
- 85.35% OCCUPIED RETAIL CENTER - 16 TOTAL UNITS (11 LEASED AND 5 VACANT)
- NEW MODIFIED BITUMINOUS ROOF AND PARAPET METAL CAP (WEST BUILDING) - 20 YEAR MATERIAL/LABOR WARRANTY
- NEW ROOF-TOP HVAC UNITS (30 UNITS)
- NEW STUCCO FACADE (WEST BUILDING)
- RE-SURFACE ENTIRE EAST BUILDING ROOF - 20 YEAR MATERIAL/LABOR WARRANTY
- LEASE STRUCTURE - NINE TRIPLE-NET AND TWO GROSS
Investment Overview
LOCATED JUST WEST OF EASTERN ILLINOIS UNIVERSITY OVER 23,000 RESIDENTS WITHIN FIVE MILES WITH AN AVERAGE HOUSEHOLD INCOME OF $65,096 90 MILES FROM SPRINGFIELD 121 MILES FROM INDIANAPOLIS ADJACENT TO MANY NATIONAL & REGIONAL RETAILERS
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
First Vice President / Regional Manager / Designated Managing Broker
