2008 Vandalia St
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2008 Vandalia St
2,172 SF 54% Leased Office Building Collinsville, IL 62234 $287,426 CAD ($132 CAD/SF) 1.21% Cap Rate
EXECUTIVE SUMMARY
Financials based on Jan 2024 - August 2024 numbers with Suite #1 (largest main floor unit currently vacant) brining in an additional $900/mo. Current negative NOI will not allow for cap rate so 1% is used. This building would be best suited for a owner occupied user. Seller willing to finance pending on buyers financials.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$41,597
|
$19.15
|
| Other Income |
$4,258
|
$1.96
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$45,855
|
$21.11
|
| Taxes |
$8,561
|
$3.94
|
| Operating Expenses |
$34,768
|
$16.01
|
| Total Expenses |
$43,329
|
$19.95
|
| Net Operating Income |
$2,526
|
$1.16
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $41,597 |
| Annual Per SF | $19.15 |
| Other Income (CAD) | |
|---|---|
| Annual | $4,258 |
| Annual Per SF | $1.96 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $45,855 |
| Annual Per SF | $21.11 |
| Taxes (CAD) | |
|---|---|
| Annual | $8,561 |
| Annual Per SF | $3.94 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $34,768 |
| Annual Per SF | $16.01 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $43,329 |
| Annual Per SF | $19.95 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $2,526 |
| Annual Per SF | $1.16 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,172 SF
Building Class
B
Year Built
1986
Price
$287,426 CAD
Price Per SF
$132 CAD
Cap Rate
1.21%
NOI
$3,466 CAD
Percent Leased
54%
Building Height
1 Story
Typical Floor Size
2,172 SF
Building FAR
0.44
Lot Size
0.11 AC
PROPERTY TAXES
| Parcel Number | 13-2-21-22-12-203-013 | Total Assessment | $130,078 CAD (2023) |
| Land Assessment | $20,958 CAD (2023) | Annual Taxes | $8,561 CAD ($3.94 CAD/SF) |
| Improvements Assessment | $109,121 CAD (2023) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
13-2-21-22-12-203-013
Land Assessment
$20,958 CAD (2023)
Improvements Assessment
$109,121 CAD (2023)
Total Assessment
$130,078 CAD (2023)
Annual Taxes
$8,561 CAD ($3.94 CAD/SF)
Tax Year
2024 Payable 2024
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2008 Vandalia St
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