Center Drive Multi-Tenant Portfolio - Alton | 215 E Center Dr
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Center Drive Multi-Tenant Portfolio - Alton 215 E Center Dr
42,241 SF 100% Leased Office Building Alton, IL 62002 $3,100,000 ($73/SF) 11.15% Cap Rate
Investment Highlights
- Four Buildings Across Four Separate Parcels Totaling 4.88 Acres Featuring 42,241 SF of Retail/Office Space
- Value Add Opportunity: 22% Vacancy Presents an Immediate Opportunity For an Investor to Increase the Rental Income By Filling Vacancy
- Proven Long Term Tenancy: Average Length of Tenancy is Over 13 Years
- Diverse Tenant Mix: A Well-Balanced Mix of Retail, Dining, Medical and Service-Oriented Tenants That Cater to a Wide Range of Consumer Needs
- NVA Pope Animal Hospital Recently Signed a 10-Year Lease; NVA Boasts Over 1,400 Total Locations Nationwide & Serves as a Stronger Anchor to the Center
- The Property is Near Dozens of National Tenants and Nearby Traffic Drivers Including: The Alton Square Mall, Target, PetCo, Ross Dress For Less Etc.
Executive Summary
Sands Investment Group is Pleased to Present Exclusively For Sale the Center Drive Multi-Tenant Portfolio in Alton, IL. Priced Attractively at Under $74 PSF, This 42,241 SF, Four Building Portfolio Spans Over 4.8 Acres and Offers a Diverse In-Place Tenant Mix, Along With Additional Value-Add Components Through Leasing Up the Vacancies, Providing For a Secure Investment.
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
42,241 SF
Building Class
C
Year Built
1982
Price
$3,100,000
Price Per SF
$73
Cap Rate
11.15%
NOI
$345,680
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
21,120 SF
Building FAR
0.20
Land Acres
4.88 AC
Zoning
Commercial
Parking
38 Spaces (2.83 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Advanced Resources
- Administrative and Support Services
- 593 SF
- $16.50
- Jun 2025
- Cloud 9 Vapor Salon
- Retailer
- 1,800 SF
- $15.43
- Sep 2027
- Dr. Sidney Hanish
- Administrative and Support Services
- 1,490 SF
- $18.14
- Apr 2026
- Hickory Grove Restaurant
- Accommodation and Food Services
- 4,608 SF
- $10.00
- Dec 2025
- Jackson Hewitt Tax Srvc
- Administrative and Support Services
- 1,200 SF
- $16.50
- Jun 2026
- NVA Pope Animal Hospital
- Health Care and Social Assistance
- 3,600 SF
- $16.47
- May 2033
- One Main Financial
- Administrative and Support Services
- 1,200 SF
- $18.41
- Aug 2029
- Riverbend Dental
- Health Care and Social Assistance
- 2,799 SF
- $16.72
- Sep 2025
- Seven Hills Management
- Administrative and Support Services
- 2,183 SF
- $6.05
- Dec 2027
- WBS Medspa
- Administrative and Support Services
- 2,330 SF
- $9.01
- May 2025
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Advanced Resources | Administrative and Support Services | 593 SF | $16.50 | Jun 2025 | ||
| Cloud 9 Vapor Salon | Retailer | 1,800 SF | $15.43 | Sep 2027 | ||
| Dr. Sidney Hanish | Administrative and Support Services | 1,490 SF | $18.14 | Apr 2026 | ||
| Hickory Grove Restaurant | Accommodation and Food Services | 4,608 SF | $10.00 | Dec 2025 | ||
| Jackson Hewitt Tax Srvc | Administrative and Support Services | 1,200 SF | $16.50 | Jun 2026 | ||
| NVA Pope Animal Hospital | Health Care and Social Assistance | 3,600 SF | $16.47 | May 2033 | ||
| One Main Financial | Administrative and Support Services | 1,200 SF | $18.41 | Aug 2029 | ||
| Riverbend Dental | Health Care and Social Assistance | 2,799 SF | $16.72 | Sep 2025 | ||
| Seven Hills Management | Administrative and Support Services | 2,183 SF | $6.05 | Dec 2027 | ||
| WBS Medspa | Administrative and Support Services | 2,330 SF | $9.01 | May 2025 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $921,920 | |
| Land Assessment | $498,930 | Total Assessment | $1,420,850 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$498,930
Improvements Assessment
$921,920
Total Assessment
$1,420,850
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Evan Beeson -
Maurycy Filecki -
Avery McCrary -
Sands Investment Group
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Center Drive Multi-Tenant Portfolio - Alton | 215 E Center Dr
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