Light Flex Industrial-B2B Service Business Park

East Peoria, IL
Tazewell County

Great Location

Asking Price: Annual Revenue:
$7,200,000 $804,805

Commercial Real Estate: Industrial, Warehouse

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RE: Light Flex Industrial-B2B Service Business Park Broker: Dennis Hansmann

Quick Facts

Asking Price: $7,200,000
Annual Revenue: $804,805
Net Profit: Not Disclosed
Cash Flow: $659,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $7,200,000
Year Established: 1997
Employees: 1
BBN Listing #: 624237950
Broker Reference #: F191

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Business Overview:

Very much passive low touch management needed for the long-term tenants of this light industrial/commercial business center.

The approximate cash flow is after RE Taxes have been paid etc.

Fully occupied northern-central Illinois business park for sale in an ideal location for access to major highways and other routes in all directions. Full dock access for all tenants if needed with 154,600 sq ft (approx) including covered dock area.

The business park has cash flow in the 659-725k range and is operated from a mostly absentee ownership standpoint. They have one person who is available to keep an eye on the property for ownership allowing the owner to have a very flexible lifestyle even though they are basically managing the business park themselves with minimal assistance needed due to its very low touch requirements.

This commercial/light industrial business park serves distribution, small manufacturing or machining, installation services, repair services, contracting offices, warehousing, storage, sales offices, etc.

This is a real estate opportunity as far as major long-term income-generating assets are concerned with a property management component as far as the managing entity is concerned. There are several buildings that are single or multi-tenant units of various sizes as designed for rental purposes. The rent has not been increased much over the years so that is a huge upside for a new owner to phase in a significant increase over time with an already extremely profitable income-producing business park. The units are fully occupied now and have been consistent since the development of the business park started in the mid-late 1990s.

Current rent roll gross revenue is $804,805 (approx).

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Property Features and Assets:

The land area is approximately 11.72 acres.The improvement size is approximately 154,610 square feet. There remains some open area of perhaps one acre that can still be developed for addition expansion.

Market Competition and Expansion:

Nothing else of this exact size, scope, or location exists in this area.

Reason for Selling:

Begin semi-retirement.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is not a franchise resale opportunity.

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