Location, Location, Location... Fully Occupied Business Park

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Asking Price:
$7,600,000

Gross Revenue:
 Not Disclosed
Cash Flow:
$697,658
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
$7,600,000
included in asking price

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Business Description

This is a commercial / light industrial business park where tenants use the units for various purposes including 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, but from a cash flow standpoint this is primarily a property management business with income generated from the unit rentals. 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 at all over the year on any units to our knowledge 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 consistency since the development of the business park started in the mid-late 1990's.

$697,657.80 is an annual cash flow (SDE) or true owner benefit average over the last two years.

All financial numbers subject to change if/when any new information becomes available and subject to full review by a buyer or buyer group during the appropriate due diligence process in the post offer acceptance phase.

About the Business

Location:
Normal, Illinois
Year Established:
1997
Number of Employees:
1
Real Estate:
Owned
Building Sq. Ft.:
154,610
Facilities:
The land area is approximately 11.72 acres.The improvement size is approximately 154,610 sq ft.
Market Outlook/
Competition:
Nothing of this exact size, scope, location.
Growth & Expansion:
There remains some open area of perhaps one acre that can still be developed for addition expansion.
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About the Sale

Reason For Selling:
Begin semi-retirement.
Training/Support:
As much as needed an discussed during the purchase process. This is a very low touch model with limited need for employees or even ownership onsite.

Listing Info

ID:
1648182
Ad Detail Views:
0

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Business Listed by

Dennis Hansmann

American Business Acquisitions Inc.

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