20 Central Industrial Dr
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20 Central Industrial Dr
117,245 SF Industrial Building Granite City, IL 62040 $7,550,000 ($64/SF)
Investment Highlights
- 100% occupied by ProAmpac
- Tenant has occupied the building for 15+ years with major infrastructure in place.
- Heavy power
- Leased through mid-2027 with a below market lease rate
- Absolute NNN lease structure
- Partially air conditioned
Executive Summary
CBRE is pleased to present the opportunity to acquire a well-located industrial property in Northgate Industrial Park, located in Granite City, Illinois. The offering includes 117,245+/- square feet and sits on approximately 6.57+/- acres of land. This opportunity provides an absolute net cash flow based on a single tenant who occupies and maintains 100% of the property. The property is just minutes from Interstate 270 & 255, 19.5 miles from St Louis Lambert International Airport. The convenient location provides easy access to major highways, downtown St. Louis, and the surrounding workforce.
Property Facts
| Price | $7,550,000 | Rentable Building Area | 117,245 SF |
| Price Per SF | $64 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 2003 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Clear Ceiling Height | 27 FT |
| Building Class | B | No. Dock-High Doors/Loading | 8 |
| Lot Size | 6.57 AC | No. Drive In / Grade-Level Doors | 1 |
| Price | $7,550,000 |
| Price Per SF | $64 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 6.57 AC |
| Rentable Building Area | 117,245 SF |
| No. Stories | 1 |
| Year Built | 2003 |
| Tenancy | Single |
| Clear Ceiling Height | 27 FT |
| No. Dock-High Doors/Loading | 8 |
| No. Drive In / Grade-Level Doors | 1 |
Amenities
- Air Conditioning
Utilities
- Water - City
- Sewer - City
PROPERTY TAXES
| Parcel Number | 22-2-20-06-00-000-026 | Improvements Assessment | $1,185,280 |
| Land Assessment | $89,630 | Total Assessment | $1,274,910 |
PROPERTY TAXES
Parcel Number
22-2-20-06-00-000-026
Land Assessment
$89,630
Improvements Assessment
$1,185,280
Total Assessment
$1,274,910
zoning
| Zoning Code | M-4 (Planned Industrial) |
| M-4 (Planned Industrial) |
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