Single-Tenant Office
IL Dept of Employment Security | 2311 Hoffman Drive
2311 Hoffman Dr, Effingham, IL 62401
Listing Price: $636,000
Investment Overview
Marcus & Millichap is pleased to exclusively present for sale a 6,220 SF single-tenant office property leased to the Illinois Department of Employment Security (IDES).
IL Dept of Employment Security | 2311 Hoffman Drive
Investment Highlights
- Single Tenant State-Leased Office Property: 6,220 SF Office on 1.14-Acres | Built 1989
- Credit Rated Tenant: Illinois Department of Employment Security (IDES) (S&P: A-)
- Build to Suit for Tenant: 36 Year Operating History | 5 Year Lease Renewal (May 2023) | 3.2 Years Remaining | (1) 5 Year Option Remaining
- Exclusive Regional Workforce Location: Only IDES Office Serving Effingham County | Next Closest IDES Office Location in Mt. Vernon (67 Miles)
- Strategic Location at Hoffman Dr & S Banker St/US-45 (14,400 VPD): Major North-South Corridor with Direct Access to I-70 (45,100 VPD) & I-57 (45,000 VPD), Connecting 75 Percent of the U.S. Population
- Growing Economic Hub: Home to Major Employers Including PepsiCo, ADM, FedEx Freight, Sherwin-Williams & John Boos & Co.
- Skilled Workforce Access: Effingham County Draws from a Labor Force of 175,000 Across Surrounding Counties
- Strong Market Fundamentals: 76 Percent Daytime Population Increase (Within Three Miles) | 29,596 Residents | $90,747 AHHI (Within 10 Miles)
Single-Tenant Office
IL Dept of Employment Security | 2311 Hoffman Drive
Listing Price: $636,000
Investment Highlights
- Single Tenant State-Leased Office Property: 6,220 SF Office on 1.14-Acres | Built 1989
- Credit Rated Tenant: Illinois Department of Employment Security (IDES) (S&P: A-)
- Build to Suit for Tenant: 36 Year Operating History | 5 Year Lease Renewal (May 2023) | 3.2 Years Remaining | (1) 5 Year Option Remaining
- Exclusive Regional Workforce Location: Only IDES Office Serving Effingham County | Next Closest IDES Office Location in Mt. Vernon (67 Miles)
- Strategic Location at Hoffman Dr & S Banker St/US-45 (14,400 VPD): Major North-South Corridor with Direct Access to I-70 (45,100 VPD) & I-57 (45,000 VPD), Connecting 75 Percent of the U.S. Population
- Growing Economic Hub: Home to Major Employers Including PepsiCo, ADM, FedEx Freight, Sherwin-Williams & John Boos & Co.
- Skilled Workforce Access: Effingham County Draws from a Labor Force of 175,000 Across Surrounding Counties
- Strong Market Fundamentals: 76 Percent Daytime Population Increase (Within Three Miles) | 29,596 Residents | $90,747 AHHI (Within 10 Miles)
Investment Overview
Marcus & Millichap is pleased to exclusively present for sale a 6,220 SF single-tenant office property leased to the Illinois Department of Employment Security (IDES).
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