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607 N. Main Street
Peoria, IL 61602
Asking Price
$3.79M
Cap Rate
9%
Asset Type
Traditional Office Office
Class
Class B
What's Special
Office | 9.00% CAP | 40,697 SqFt <ul><li>This government office was constructed in 1972 and is comprised of 40,697 square feet situated on 0.57 acres of land</li><li>This office is 100% occupied by The Illinois Department of Corrections operating under a gross lease structure with 2% annual rental increases every 2 years</li><li>There are 3 years of lease remaining</li><li>Fitch Ratings has assigned the State of Illinois a credit rating of A-</li><li>Located on Main Street, which serves as a key corridor that connects seve
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NOI
$80,000
Cap Rate
2.11%
DSCR
0.36
Underwater
Cash-on-Cash
-12.75%
Monthly Payment
$18,740.957
Annual Cash Flow
$-144,891.486
