Turnkey Final Mile Facility | 10711 Mark Twain Rd
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Turnkey Final Mile Facility 10711 Mark Twain Rd
64,315 SF Vacant Industrial Building Online Auction Sale West Frankfort, IL 62896
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Investment Highlights
- 10711 Mark Twain Road presents the market with a turnkey logistics and distribution center totaling 64,315 square feet in West Frankfort, Illinois.
- Center is currently vacant, providing immense value-add upside through effective lease-up or through owner usership.
- With access to Interstates 57, 24, and 64, major population centers like Chicago, Louisville, Nashville, and St. Louis can all seamlessly be reached.
- Ideal location with near immediate access to Interstate 57, a crucial transportation route leading directly into the dense Chicago metro area.
- Key features include 8 drive-in doors, 20 exterior docks, a secured fenced-in lot, ample parking, 20-foot clear heights, and 100% fire suppression.
Executive Summary
10711 Mark Twain Road presents the market with a rare opportunity to acquire a turnkey logistics facility in West Frankfort, Illinois. The building, formerly occupied by FedEx, has been expertly maintained and offers a move-in-ready asset for any trucking or parcel companies looking to add a premium last-mile facility to their portfolio. The investment totals 64,315 square feet of space on 10 acres. Key features include 20 exterior docks, six 18-foot by 16-foot drive-in doors, and two 14-foot by 16-foot drive-in doors. This combination provides immediate streamlined loading and unloading to a large fleet of vehicles. Other key logistics amenities include 111 parking spaces, a fully fenced and secured parcel, 100% fire suppression, 20-foot clear heights, a 130-foot truck court, seven trailer stalls, and 27 box-truck stalls. This vacant premier facility provides a new investor an immense value-add opportunity via lease-up or operation to drive net operating incomes upward with one of the most sought-after asset classes in the United States.
10711 Mark Twain Road is positioned to serve any company as a last-mile shipping hub. The property is in a highly connected portion of the Midwest with immediate access to Interstate 57, a crucial shipping route leading to Chicago's dense population center. This area also offers easy connections with Interstates 24 and 64, providing easy routes into St. Louis, Nashville, and Louisville. The demographics surrounding the property provide an excellent worker base alongside additional consumers. Within a 10-mile radius around the distribution center, a robust population of over 50,000 people earning household incomes of over $65,000 per year. This population group is expected to spend over $604 million by the time 2024 concludes, presenting a significant demand for goods and services.
Take advantage of the opportunity to acquire a critically located distribution facility with key amenities alongside streamlined access to three mission-critical interstates.
Property tours are available by appointment only. Please contact the broker to schedule.
10711 Mark Twain Road is positioned to serve any company as a last-mile shipping hub. The property is in a highly connected portion of the Midwest with immediate access to Interstate 57, a crucial shipping route leading to Chicago's dense population center. This area also offers easy connections with Interstates 24 and 64, providing easy routes into St. Louis, Nashville, and Louisville. The demographics surrounding the property provide an excellent worker base alongside additional consumers. Within a 10-mile radius around the distribution center, a robust population of over 50,000 people earning household incomes of over $65,000 per year. This population group is expected to spend over $604 million by the time 2024 concludes, presenting a significant demand for goods and services.
Take advantage of the opportunity to acquire a critically located distribution facility with key amenities alongside streamlined access to three mission-critical interstates.
Property tours are available by appointment only. Please contact the broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
Property Facts
| Sale Type | Investment | No. Stories | 1 |
| Sale Conditions | Auction Sale | Year Built | 2008 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Distribution | Parking Ratio | 1.83/1,000 SF |
| Building Class | A | Clear Ceiling Height | 20 ft |
| Lot Size | 10.00 AC | No. Dock-High Doors/Loading | 20 |
| Rentable Building Area | 64,315 SF | No. Drive In / Grade-Level Doors | 8 |
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | A |
| Lot Size | 10.00 AC |
| Rentable Building Area | 64,315 SF |
| No. Stories | 1 |
| Year Built | 2008 |
| Tenancy | Single |
| Parking Ratio | 1.83/1,000 SF |
| Clear Ceiling Height | 20 ft |
| No. Dock-High Doors/Loading | 20 |
| No. Drive In / Grade-Level Doors | 8 |
Amenities
- Fenced Lot
- Car Charging Station
DEMOGRAPHICS
Regional Accessibility
CITY
POPULATION
MILES
DRIVE TIME
Nashville
669,053
200
3 h 38 m
Indianapolis
867,125
243
4 h 37 m
Chicago
2,705,994
304
5 h 44 m
Columbus
892,533
416
7 h 45 m
Detroit
672,662
519
9 h 53 m
Charlotte
872,498
607
11 h 30 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
52,240
Total Labor Force
24,097
Unemployment Rate
4.95%
Median Household Income
$48,968
Warehouse Employees
3,871
High School Education Or Higher
90.50%
$ values in USD
PROPERTY TAXES
| Parcel Number | 11-23-126-003 | Improvements Assessment | $1,011,657 CAD |
| Land Assessment | $105,401 CAD | Total Assessment | $1,117,058 CAD |
PROPERTY TAXES
Parcel Number
11-23-126-003
Land Assessment
$105,401 CAD
Improvements Assessment
$1,011,657 CAD
Total Assessment
$1,117,058 CAD
Sale Advisor
Sale Advisor
Christopher Bosworth, Vice Chairman/Managing Director
(404) 441-3849
Contact
Chris Bosworth is a Vice Chairman and Managing Director of the CBRE Net Lease Property Group and Corporate Capital Markets practice. Mr. Bosworth’s focus is to advise institutions, private equity firms, REITs, developers and corporate users regarding all facets of net-leased properties. Since 2016, Mr. Bosworth and his partner, Will Pike, have been responsible for the disposition of 720 properties with a value of more than $10.9 billion. Together, they have executed more than 2,900 transactions—valued in excess of $19 billion—throughout their careers.
Mr. Bosworth and Mr. Pike co-head the Net Lease Property Group, which consists of a team of senior advisers across the United States who specialize in transacting single-tenant assets, national net-lease portfolios, corporate sale-leasebacks and zero-cash-flow transactions globally. As a founding member of the Corporate Capital Markets (“CCM”) practice, Mr. Bosworth works in conjunction with the CCM team to provide advisory and execution expertise for planned and existing assets on behalf of corporate users, developers and owners. Mr. Bosworth joined CBRE in 1999 after graduating from Washington & Lee University.
Mr. Bosworth and Mr. Pike co-head the Net Lease Property Group, which consists of a team of senior advisers across the United States who specialize in transacting single-tenant assets, national net-lease portfolios, corporate sale-leasebacks and zero-cash-flow transactions globally. As a founding member of the Corporate Capital Markets (“CCM”) practice, Mr. Bosworth works in conjunction with the CCM team to provide advisory and execution expertise for planned and existing assets on behalf of corporate users, developers and owners. Mr. Bosworth joined CBRE in 1999 after graduating from Washington & Lee University.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Emily Walper
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 478027045
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Turnkey Final Mile Facility | 10711 Mark Twain Rd
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