4105 Fieldstone RdChampaign, IL 61822

Property Details for 4105 Fieldstone Rd

Property type

Industrial properties

APN

32009351008

APU

32009351008

Description

This exceptional investment opportunity presents a 153,030-square-foot industrial property in Champaign, Illinois, currently leased to FedEx Ground under a Net Lease agreement with a corporate guarantee. The property boasts a strong 6.80% cap rate and a substantial net operating income (NOI) of $547,348. The lease, commencing October 28, 2020, and expiring October 31, 2031, offers a remaining term of approximately 6.9 years, with two (2) and five (5) year lease options. The property features two buildings, constructed in 1988 with renovations in 2006, including a new roof (57,000 sq ft) installed in November 2020 with a 20-year warranty. The facility includes 21 dock-high doors, 265 parking spaces, and a 21-foot ceiling height. The 10.62-acre lot is zoned IN-1 Light Industrial. The property's configuration includes approximately 21,000 square feet of office space and 132,000 square feet of warehouse space. Its location in Champaign, near Interstate 57 and 74, and Amtrak, offers excellent transportation access. The property benefits from being situated in a high-income area, close to the University of Illinois at Urbana-Champaign. This presents a secure, high-yield investment with a creditworthy tenant and a long-term lease. The asking price is $8,050,000, translating to $52.60 per square foot. The property's APN is 032009351008.

Location Insight

City

Champaign

County

Champaign

State

Illinois

Latitude

40.1151

Longitude

-88.3128

CBSA code

16580

CBSA name

CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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