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3526 N California Avenue 3526 North California Avenue, Peoria, IL 61603
Medical Office
Property Description
The O’Bryan & Ball Team has been exclusively retained to to sell 3526 N California Avenue in Peoria, IL. This fully leased, brick office building features 10 units, a 23-space parking lot and has been meticulously maintained. The property is divided into two sections, one single-story and the with other two stories. Recent capital improvements include roof replacements in 2020-2021, parking lot in 2015, and HVAC systems as necessary (4 updated since 2018). Tenants are on annual leases and include a variety of professionals, non-profits and service businesses.
The property offers a 10.13% cap rate day one. Owner rent rolls, P&L’ statements and leases available upon request. Tours will be approved only with an accepted LOI.
Full Address: 3526 North California Avenue, Peoria, IL 61603
Listing Type: FOR SALE
Status: Active
Occupancy Rate: 100
Zoning: CN
Region: M-EN
Use Type: Office
Property ID: 4064911
Building Sf: 7776
Parcel Num: 14-28-428-001
Number Units: 10
Number Buildings: 1
Free Standing: Yes
Number Parking Spaces: 23
Cap Rate: 10.13
Tenancy Type: Multi-Tenant
Cash Flow Type: Actual
Cf Op Expenses: 24752
Cf Pre Tax: 50086
Cf Effective Gross: 63774
Cf Year: 2024
Cf Sched Income: 70860
Cf Net Op Income: 39022
Cf Vacancy: 10