103 Centre Drive

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103 Centre Drive

Petersburg, IL 62675
Asking Price
$1.09M
Cap Rate
8.65%
Asset Type
Traditional Office Office
Class
Class B

What's Special

8.65% Cap Rate - 3,325 SF - GSA Tenant - Early Lease Extension - Rental Rate Increase <p>Coldwell Banker Commercial Devonshire Realty (CBCDR) is pleased to present a single-tenant investment property leased to the <strong>United States Department of Agriculture (USDA) </strong>in Petersburg, IL. </p><p></p><p>Constructed as a build-to-suit facility for the USDA in 2016, the property has been continuously occupied by the agency since completion. The USDA has executed an early five-year lease extension in March 2026, commencing March 1, 2027. The extension includes a rental rate in

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NOI
$80,000
Cap Rate
7.31%
DSCR
1.23
Tight
Cash-on-Cash
4.56%
Monthly Payment
$5,417.463
Annual Cash Flow
$14,990.449

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