Office Warehouse
East Peoria Business Center | 8 Building Small Bay Portfolio
125 Thunderbird Lane, East Peoria, IL 61611
Listing Price: $6,950,000
Investment Overview
Marcus & Millichap is pleased to exclusively present for sale an eight-building, 154,610-square-foot flex industrial portfolio located in the East Peoria Business Center. Spanning 12.32 acres across three parcels, this portfolio includes a mix of single-tenant net lease (STNL) and multi-tenant buildings, currently 97.56 percent occupied by 29 tenants across 33 suites. The tenancy is anchored by nationally recognized credit tenants, with 32 percent of gross leasable area leased to publicly traded companies, including SiteOne Landscape Supply (NYSE: SITE), Ferguson (NYSE: FERG) and Water Solutions Unlimited (NASDAQ: HWKN).
Ideally located with ease of access to I-74 and I-474. Five miles to amenity rich Levee District mixed use retail and entertainment district.
Educated Workforce in Community: Bradley University (Enrollment: 4800) and Illinois Central College (Enrollment: 19,929)
10 Mile Radius Demos: Population: 227,957; Average Household Income: $99,688; 12 Percent Daytime Population Increase Cost of Living 6 Percent Below National Average (Payscale, July 2025)
East Peoria Business Center | 8 Building Small Bay Portfolio
Investment Highlights
- Value Add: Eight Building (33 Units) Small Bay Flex Portfolio Comprised of 154,610 Square Feet on 12.32 AC; Mark to Market Short Term Leases, Buildable Lot or IOS, under collected reimbursements
- Four Buildings are STNL (24 Percent of the Gross Leasable Area): SiteOne Landscape Supply (NYSE:SITE); Water Solutions Unlimited (NASDAQ:HWKN); Technical Solutions & Services, Inc.; RG Construction
- 32 Percent of the Gross Leasable Area is Leased to Publicly Traded Tenants: Ferguson Columbia Pipe (NYSE:FERG), SiteOne Landscape Supply (NYSE:SITE), Water Solutions Unlimited (NASDAQ:HWKN)
- <1 Percent Industrial Submarket Vacancy; Average Market Rent for Peer Properties is $6.07 per Square Foot Triple Net (CoStar); Subject Property Portfolio Average Rent: $5.01 per Square Foot - Room for Rent Growth in a Tight Industrial Market
- 86 Percent Leases are NNN | 27 Percent of Gross Leasable Area has been in Place for Over 20 Years Showing Commitment to this Location; Average Unit Size of 5,052 Square Feet is Attractive to a Variety of Operations Allowing Ease of Backfill.
- Ideally Located with Ease of Access to I-74 and I-474. Five Miles to Amenity Rich Levee District Mixed Use Retail and Entertainment District.
- 10 Mile Radius Demos: Population: 227,957; Average Household Income: $99,688; 12 Percent Daytime Population Increase Cost of Living 6 Percent Below National Average (Payscale, July 2025)
- Educated Workforce in Community: Bradley University (Enrollment: 4,800) and Illinois Central College (Enrollment: 19,929)
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
Financing By
Office Warehouse
East Peoria Business Center | 8 Building Small Bay Portfolio
Listing Price: $6,950,000
Investment Highlights
- Value Add: Eight Building (33 Units) Small Bay Flex Portfolio Comprised of 154,610 Square Feet on 12.32 AC; Mark to Market Short Term Leases, Buildable Lot or IOS, under collected reimbursements
- Four Buildings are STNL (24 Percent of the Gross Leasable Area): SiteOne Landscape Supply (NYSE:SITE); Water Solutions Unlimited (NASDAQ:HWKN); Technical Solutions & Services, Inc.; RG Construction
- 32 Percent of the Gross Leasable Area is Leased to Publicly Traded Tenants: Ferguson Columbia Pipe (NYSE:FERG), SiteOne Landscape Supply (NYSE:SITE), Water Solutions Unlimited (NASDAQ:HWKN)
- <1 Percent Industrial Submarket Vacancy; Average Market Rent for Peer Properties is $6.07 per Square Foot Triple Net (CoStar); Subject Property Portfolio Average Rent: $5.01 per Square Foot - Room for Rent Growth in a Tight Industrial Market
- 86 Percent Leases are NNN | 27 Percent of Gross Leasable Area has been in Place for Over 20 Years Showing Commitment to this Location; Average Unit Size of 5,052 Square Feet is Attractive to a Variety of Operations Allowing Ease of Backfill.
- Ideally Located with Ease of Access to I-74 and I-474. Five Miles to Amenity Rich Levee District Mixed Use Retail and Entertainment District.
- 10 Mile Radius Demos: Population: 227,957; Average Household Income: $99,688; 12 Percent Daytime Population Increase Cost of Living 6 Percent Below National Average (Payscale, July 2025)
- Educated Workforce in Community: Bradley University (Enrollment: 4,800) and Illinois Central College (Enrollment: 19,929)
Investment Overview
Marcus & Millichap is pleased to exclusively present for sale an eight-building, 154,610-square-foot flex industrial portfolio located in the East Peoria Business Center. Spanning 12.32 acres across three parcels, this portfolio includes a mix of single-tenant net lease (STNL) and multi-tenant buildings, currently 97.56 percent occupied by 29 tenants across 33 suites. The tenancy is anchored by nationally recognized credit tenants, with 32 percent of gross leasable area leased to publicly traded companies, including SiteOne Landscape Supply (NYSE: SITE), Ferguson (NYSE: FERG) and Water Solutions Unlimited (NASDAQ: HWKN). Ideally located with ease of access to I-74 and I-474. Five miles to amenity rich Levee District mixed use retail and entertainment district. Educated Workforce in Community: Bradley University (Enrollment: 4800) and Illinois Central College (Enrollment: 19,929) 10 Mile Radius Demos: Population: 227,957; Average Household Income: $99,688; 12 Percent Daytime Population Increase Cost of Living 6 Percent Below National Average (Payscale, July 2025)
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
Financing By
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