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400 Delaware Ave Casey, IL 62420

Multi-Tenant Warehouse Portfolio, 15-Year Lease

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a portfolio of two industrial properties totaling 307,874 square feet, situated on 9.44 acres in Casey and Martinsville, Illinois. The properties feature a combined 187,874 square feet of net rentable space and benefit from a brand new 15-year absolute triple-net (NNN) lease with Pap-R Products, ensuring minimal landlord responsibilities. Built in 1999, these strategically located warehouses offer easy access to Interstates 70 and 57 via Illinois Route 49, providing convenient access to major transportation arteries. The portfolio enjoys a long-term operating history with the tenant and is situated approximately 33 miles from Effingham, Illinois

Highlights

  • Auction: December 16-18, Starting Bid: $2,500,000
  • 15-Year Absolute Net Lease to Pap-R Products in Casey and Martinsville, IL
  • Convenient access to I-70 & I-57 via IL Rte. 49
  • Strategic location: ~33 miles from Effingham, IL; ~100 miles from Indianapolis; ~135 miles from St. Louis; ~170 miles from Chicago
  • Zero Landlord Responsibilities

Property Details for 400 Delaware Ave

Property type
Warehouses, Industrial properties
Square Feet
307,874 SF
Year Built
1999
Lot Size (sq. ft)
411,206 SF

Location Insight

City
Casey
County
Clark
State
Illinois
Latitude
39.3033432
Longitude
-87.9981619

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FAQs

What type of property is this?
Warehouse - Multi-Tenant Warehouse Portfolio, 15-Year Lease
Where is the warehouse located?
The property is located at 400 Delaware Ave Casey, IL.
What are key features of this property?
This property features: Auction: December 16-18, Starting Bid: $2,500,000; 15-Year Absolute Net Lease to Pap-R Products in Casey and Martinsville, IL; Convenient access to I-70 & I-57 via IL Rte. 49
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Matthew Ladd
Matthew Ladd
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Useful Information

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Delaware Ave
Casey, IL 62420

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Delaware Ave
Casey, IL 62420

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

400 Delaware Ave
  • Matthew Ladd
    Matthew Ladd
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