Office/Warehouse Investment Opportunity

SaleInvestmentOfficeWarehouse/Industrial 399,045 SF
1901 E Voorhees St
Danville, IL 61834
Price: $9,500,000 (Previously $12,000,000.00)
Building Size: 399,045 SF
Lot Size (acre): 40.50 AC
Lot Dim.: 1187x1389
Parking: 770 Spaces
Zoning: I-2 Heavy Industrial
Tax PIN: 18 34 400 009
RE: $205,557.00 - 2022
Gross Income: $1,351,554
Expenses: $456,540
NOI : $895,014
Cap Rate: 6.62%
Year Built: 1964

Property Description

1901 East Voorhees Street is a 399,045 SF Class B, multi-tenant, office/warehouse building located in Danville, IL (Vermilion County) within an Opportunity Zone. The Building was constructed in 1964 and sits on 40.5 acres. Genpact LLC (NYSE ticker “G”) is the current owner of the Building and will sign a 5-year lease to remain in approximately 35,000 SF of the building prior to Closing. There is additional land on the north side for potential future building expansion.

Area Description

Situated in Central Illinois, Danville is five miles west of the Illinois-Indiana border, 90 miles west of Indianapolis, and about 140 miles south of Chicago.