6845 Weaver Rd
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6845 Weaver Rd
6,172 SF 100% Leased Office Building Rockford, IL 61114 $745,000 ($121/SF) 8.12% Cap Rate
Investment Highlights
- Features quality finishes, an attractive and well landscaped setting.
- 8.12% CAP rate.
- 4.4 year weighted average years remaining on leases.
- Property enjoys 100% occupancy to high-quality tenants.
- Gross leases with 3% annual rent escalations.
- Desirable location in northeast Rockford.
Executive Summary
6845 Weaver Rd. is a 6,172 SF well-constructed, Class A quality, single-story, multitenant office building situated on a 1.10 acre parcel. The property features quality finishes, an attractive and well landscaped setting and enjoys a desirable location in northeast Rockford, just one mile west of the I-90/E. Riverside Blvd. interchange. Built in 1999, the building has an attractive brick and stone exterior and upscale lobby with coffered ceiling, rich wood and glass tenant entrances and ceramic flooring. Tenant spaces are well appointed and inviting.
The three-tenant building offers the investor a stable cash flow. The property enjoys 100% occupancy with two of the three tenants signing new 5-year leases in mid 2024. At the same time, the owner has maintained the building well while keeping operating expenses steady.
The property is being offered at $745,000 and cap rate of 8.12%.
The three-tenant building offers the investor a stable cash flow. The property enjoys 100% occupancy with two of the three tenants signing new 5-year leases in mid 2024. At the same time, the owner has maintained the building well while keeping operating expenses steady.
The property is being offered at $745,000 and cap rate of 8.12%.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
6,172 SF
Building Class
B
Year Built
1999
Price
$745,000
Price Per SF
$121
Cap Rate
8.12%
NOI
$60,494
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,172 SF
Building FAR
0.13
Land Acres
1.09 AC
Zoning
C1
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PROPERTY TAXES
| Parcel Number | 12-03-428-015 | Improvements Assessment | $121,724 |
| Land Assessment | $81,108 | Total Assessment | $202,832 |
PROPERTY TAXES
Parcel Number
12-03-428-015
Land Assessment
$81,108
Improvements Assessment
$121,724
Total Assessment
$202,832
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Karen Walsh -
CBRE, Inc.
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6845 Weaver Rd
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