Investment Overview

Marcus & Millichap is pleased to present the fee-simple sale offering of 2136 12th Street, a multi-building industrial campus located in Rockford, Illinois. The property is comprised of 379,137 square-feet of industrial property that is leased to a variety of local and national tenants. The subject property offers many different variations of space, ranging from 500 to 91,000 square feet. With majority of the rent roll being on short term leases (many Month-to-Month) a landlord has the ability to increase rents on an annual basis at their discretion. With a significant amount of vacant space, a landlord is presented with a value-add opportunity to increase rental income by continuing to lease space. Current ownership has recently completed capex projects including roofs, replacement of drive-in doors, paint and more. The purchase of this offering presents an investor with a true value-add opportunity while stepping into an above market return day one. At the current list price of $4,200,000 the investment generates an in-place NOI of $651,703 which equates to a capitalization rate of 15.52%. Seller also willing to consider master leasing the property, reach out to Peter Doughty for further details.