6845 Weaver RdRockford, IL 61114

For Sale
$745,000

Class A Office, 100% Occupancy, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional Class A, single-story office building, totaling 6,172 square feet, presents a compelling investment opportunity. Located on a 1.1-acre lot in northeast Rockford, Illinois (61114), this property boasts a prime location, just one mile west of the I-90/E. Riverside Blvd. interchange. Built in 1999, the building features an attractive brick and stone exterior, an upscale lobby with coffered ceilings, rich wood and glass tenant entrances, and ceramic flooring. The well-appointed tenant spaces are currently 100% occupied by three tenants, two of whom recently signed new 5-year leases in mid-2024. This multi-tenant building offers a stable cash flow, with a current asking price of $745,000 and an attractive 8.12% cap rate. The property includes 25 parking spaces and benefits from gross leases with 3% annual rent escalations, resulting in a 4.4-year weighted average remaining lease term. Its convenient location offers easy access to N. Perryville Rd. via Weaver Rd., and proximity to numerous restaurants and amenities makes it highly desirable. This is a turnkey investment opportunity with strong potential for long-term growth and return.

Highlights

  • 6,172 SF single-story Class A office building for sale.
  • Attractive single-story office building with brick and stone exterior and upscale lobby.
  • 100% occupied by high-quality tenants with two recently signing 5-year leases.
  • 8.12% cap rate, $745,000 asking price.
  • Gross leases with 3% annual rent escalations and a 4.4-year weighted average lease term.
  • Prime location in northeast Rockford, IL (61114), less than one mile from I-90/E. Riverside Blvd. interchange.

Property Details for 6845 Weaver Rd

Property type
Other office properties, Office properties
Square Feet
6,172 SF
Class
A
Year Built
1999
Stories
1
Lot Size (sq. ft)
47,916 SF

Location Insight

City
Rockford
County
Winnebago
State
Illinois
Latitude
42.3161971
Longitude
-88.9834083
6845 Weaver Rd, Rockford, Illinois

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6845 Weaver Rd
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