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Single-Tenant Industrial

Matrix Service

3403 E Broadway, Alton, IL 62002

Listing Price: $1,050,000

Cap Rate
9.00%
Gross SF
11,100
Price/Gross SF
$94.59
Lot Size
5.12 acres
Year Built
1978
Rentable SF
11,100

Investment Overview

Marcus & Millichap is pleased to present for your review the single-tenant Matrix Service (NYSE: MTRX) property located at 3403 East Broadway in Alton, Illinois. The subject property consists of 11,100 square feet of rentable space, situated on a 5.12-acre lot. The subject property is conveniently located off of East Broadway, less than a quarter-mile from Hwy 3, providing excellent highway access & visibility. The subject property is one and one-half miles from the Mississippi River and less than 20 miles from downtown St. Louis, Missouri. The subject property has served as a regional office for Matrix Service since 2014 and they currently have three years of lease term remaining. CPI increases commence in July of 2022. Matrix Service is currently under a modified gross lease with an expense stop for property taxes, whereas the tenant pays additional rent to cover the increase over the base year. (*see broker for details) Matrix Service Company (NYSE: MTRX) has 20+ locations across the Unites States and is the parent company to Matrix Service, providing engineering, fabrication, infrastructure, construction and maintenance services primarily to the oil, gas, power, petrochemical, industrial, mining and minerals markets. Matrix Service is positioned for heavy tailwinds in the construction and infrastructure spending pipeline and has reported 2020 full year revenue reports exceeding $1 Billion.

Investment Highlights

  • Single-Tenant Industrial | 5.12 Acres
  • Matrix Service Company (NYSE: MTRX)
  • 2020 Revenue Exceeded $1 Billion
  • Regional Office for Matrix Service
  • St. Louis, Missouri MSA
  • Strong Balance Sheet | $73.8 Million in Cash | No Debt
  • Positioned For Tailwinds of Construction & Infrastructure Spending
  • Annually Recognized on ENR's top 400 Contractor List

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Single-Tenant Industrial

Matrix Service

Listing Price: $1,050,000

Cap Rate
9.00%
Gross SF
11,100
Price/Gross SF
$94.59
Lot Size
5.12 acres
Year Built
1978
Rentable SF
11,100

Investment Highlights

  • Single-Tenant Industrial | 5.12 Acres
  • Matrix Service Company (NYSE: MTRX)
  • 2020 Revenue Exceeded $1 Billion
  • Regional Office for Matrix Service
  • St. Louis, Missouri MSA
  • Strong Balance Sheet | $73.8 Million in Cash | No Debt
  • Positioned For Tailwinds of Construction & Infrastructure Spending
  • Annually Recognized on ENR's top 400 Contractor List

Investment Overview

Marcus & Millichap is pleased to present for your review the single-tenant Matrix Service (NYSE: MTRX) property located at 3403 East Broadway in Alton, Illinois. The subject property consists of 11,100 square feet of rentable space, situated on a 5.12-acre lot. The subject property is conveniently located off of East Broadway, less than a quarter-mile from Hwy 3, providing excellent highway access & visibility. The subject property is one and one-half miles from the Mississippi River and less than 20 miles from downtown St. Louis, Missouri. The subject property has served as a regional office for Matrix Service since 2014 and they currently have three years of lease term remaining. CPI increases commence in July of 2022. Matrix Service is currently under a modified gross lease with an expense stop for property taxes, whereas the tenant pays additional rent to cover the increase over the base year. (*see broker for details) Matrix Service Company (NYSE: MTRX) has 20+ locations across the Unites States and is the parent company to Matrix Service, providing engineering, fabrication, infrastructure, construction and maintenance services primarily to the oil, gas, power, petrochemical, industrial, mining and minerals markets. Matrix Service is positioned for heavy tailwinds in the construction and infrastructure spending pipeline and has reported 2020 full year revenue reports exceeding $1 Billion.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

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