Single Tenant Investment Property at 412 Olympia …...BRUCE HAGE CORE3PM.COM Vice President -...

BRUCE HAGE CORE3PM.COMVice President - Broker309.808.2125 1716 RT Dunn Drive Suite [email protected] Bloomington, IL 61701

OFFERING SUMMARYSale Price: $395,000

Cap Rate: 7.66%

NOI: $30,262

Lot Size: 0.93 Acres

Year Built: 2002

Building Size: 6,400 SF

Zoning: B-1 Highway Business

Price / SF: $61.72

PROPERTY HIGHLIGHTS• Investment Property

• Single Tenant Occupancy (100%)

• Newly signed 5-Year Lease Extension

• All Steel Building

• Large outside "Turfed" area

• Mezzanine viewing area

• Two Shower/Changing rooms

• Ample Parking

412 Olympia Drive, Bloomington, IL 61704Single Tenant Investment Property at 412 Olympia Drive

Executive Summary


Core 3 is pleased to present the exceptional opportunity to acquire a 100%fee-simple interest in the single-tenant, 100% leased property (“The Property”),located at 412 Olympia Drive in Bloomington, IL 671701. The Property consistsof a 6,458 square-foot building on .93 acres of land. The all-steel building wasinitially constructed in 2002 and the current tenant, Five Alarm CrossFit, justsigned a five year extension to their original lease. The current term of theirlease runs through 2023. The Property is located in Bloomington, Illinois, hometo State Farm Insurance, Illinois State University, Illinois Wesleyan University,Country financial and Rivian Automotive. The population of 177,546 within aten-mile radius is an active and growing demographic. Five Alarm CrossFit islocally owned and continues to grow within the community.

PROPERTY OVERVIEW

The all-steel building was built in 2002 and is located in the Towanda BarnesBusiness park on the east-side of Bloomington. The property is situated behindthe Ovation Theaters and directly beside Game Time Gym. This InvestmentProperty is 100% occupied by a single tenant, "Five Alarm CrossFit".

LOCATION OVERVIEW


Property & Location Overview



Additional Photos



Location Map


INVESTMENT OVERVIEW

Price $395,000Price per SF $61.72CAP Rate 7.7%Cash-on-Cash Return (yr 1) 7.66 %Total Return (yr 1) $30,262

OPERATING DATA

Gross Scheduled Income $43,200Total Scheduled Income $43,200Gross Income $43,200Operating Expenses $12,938Net Operating Income $30,262Pre-Tax Cash Flow $30,262

FINANCING DATA

Down Payment $395,000


Financial Summary


INCOME SUMMARY PER SF

Gross Income $43,200 $6.75

EXPENSE SUMMARY PER SF

Management Fees $2,160 $0.34Landscape Grounds $2,132 $0.33Real Estate Taxes $6,060 $0.95Insurance $513 $0.08Waste Removal $578 $0.09Snow Removal $1,495 $0.23

Gross Expenses $12,938 $2.02

Net Operating Income $30,262 $4.73


Income and Expense


POPULATION 1 MILE 5 MILES 10 MILES

Total population 206 66,970 177,546

Median age 37.6 35.7 32.0

Median age (Male) 39.1 34.5 31.4

Median age (Female) 37.2 37.3 32.9

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

Total households 73 27,195 67,532

# of persons per HH 2.8 2.5 2.6

Average HH income $88,902 $91,462 $71,242

Average house value $220,676 $222,943 $185,502

* Demographic data derived from 2010 US Census


Demographics


LIMITING DISCLOSURES

Core 3 hereby advises all prospective purchasers of this Single Tenant Net Leased property as follows:The Marketing Brochure was prepared by Core 3, an independent firm. It contains selected information pertaining to the Propertyand does not purport to be all-inclusive nor contain all of the information that a prospective purchaser may desire. Theinformation contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Core 3 hasnot and will not verify any of this information, additionally, Core 3 makes no guarantee, warranty or representation whatsoeverabout the accuracy or completeness of any information provided. As the Buyer of a single tenant property, it is the Buyer’sresponsibility to independently confirm the accuracy and completeness of all material information before completing anypurchase. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee offuture success. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investmentopportunity. An opportunity to inspect the Property will be made available to qualified prospective purchasers. The Owner andCore 3 expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase theProperty and/or to terminate discussions with any party at any time with or without notice. Owner shall have no legal commitmentor obligation to any purchaser reviewing this Offering Memorandum or making an offer to purchase the Property unless a writtenagreement for the purchase of the Property has been fully executed, delivered, and approved by the Owner. This MarketingBrochure is the property of the Core 3 and its contents are of a confidential nature. All information contained must be held andtreated in the strictest confidence. The contents may be only by parties approved by the Core 3 or the Owner. By accepting thisMarketing Brochure you agree to release Core 3 and the Owner's and hold them harmless from any kind of claim, cost, expense, orliability arising out of your investigation


Industrial Property For Sale


BRUCE HAGE

Vice President - Broker

[email protected]: 309.808.2125

CORE 31716 RT Dunn Drive Suite 4

Bloomington, IL 61701309.808.2125


Investment Property For Sale

Single Tenant Investment Property at 412 Olympia …...BRUCE HAGE CORE3PM.COM Vice President -...

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