Property 7422282
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This Property is Off-Market

5.35 Acres in Champaign County

1717 S Philo Rd. Urbana IL 61802  |  Champaign County, IL
  • $3,800,000
  • 5.35 acres

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Listing Status: Off Market
Listing Type: Sale
Property Type(s):
MLS ID: RFGCB
Irrigated: No
Residence: Yes
Property ID: 7422282
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Property Description

Sunnycrest Center was constructed in 1970 of concrete block with exterior block dryvit walls, 3-phase electrical (270/480 V, 1,600 Amp), sprinkled building (wet system), rubber membrane roof replaced in 2011 (with a 15 year warranty), 220 surface parking spaces (asphalt lot). The building has a footprint of 72,760 SF and roughly 2,516 SF of mezzanine office space for a total of 75,276 SF of finished space, plus another 9,000 SF of second floor unfinished storage space accessible by a back stairway. Ceiling heights of the building range from 21-23. Sunnycrest sits on three parcels that total 5.35 acres. Sunnycrest Center lies within the City of Urbanas Enterprise Zone. See offering memorandum for more property details.
Numbers based on 75% Occupancy in 2017
2017 Gross Revenue: $661,018
2017 NOI: $276,438
2017 Cap Rate: 7.27%

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