Investment Overview

The Blue Cross Blue Shield Building, located at 3200 Robbins Rd in Springfield, IL (the “Property”), is a prime investment opportunity with 94% occupancy across 71,313 square feet of office space. The property is strategically situated in the southwestern part of Springfield, benefiting from easy access to major highways and proximity to the downtown area. The building is home to national and regional credit tenants Blue Cross Blue Shield, Perten Instruments, and Kerber, Eck, and Braeckel, ensuring stable cash flow and long-term value. With its modern amenities, flexible layouts, and excellent parking, this property is poised for continued growth and profitability. The three tenants all have annual rent increases, and feature a Weighted Average Lease Term of more than 5.7 years providing stable and consistent cash flow for investors. Additionally, there is one vacant suite totaling 4,567 Square Feet presenting a value-add opportunity that could quickly add more than $90,000 in revenue to the deal. The Property has been well maintained by the current owner, who is the original developer and has taken great pride in ownership over the years. Their maintenance has included a 2024 HVAC overhaul with an all new controls system. The location of the Property is one of its strongest assets. Situated between Wabash Ave and Veterans Parkway, the building is located in a developing commercial corridor with high traffic volumes and easy access to major interstates. Its proximity to key retail, healthcare, and educational sectors adds to its appeal for both current and future tenants. With Springfield’s expanding infrastructure as the largest city in central Illinois, the building is well-positioned to attract new tenants and maintain high occupancy rates. The Property is offered free and clear of debt at a 9.22% Cap rate totaling $7,770,000.