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    3620 Borgen Dr Danville, IL 61834

    Sponsored
    For Sale
    Contact for pricing

    High-yield, net-leased industrial property.

    Property size:
    217,323 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a brand-new, 217,323-square-foot distribution facility in Danville, Illinois. Completed in September 2022, the building is fully leased to FedEx Ground Package System, Inc. under a 10-year net lease commencing September 30, 2022, and expiring September 30, 2032. The lease includes a 5% rent increase in year six and two 5-year renewal options. The property boasts 44 dock-high doors, a 32-foot ceiling height, and ample parking for 514 vehicles. Situated on a 45.41-acre lot, the single-tenant building generates a substantial net operating income (NOI) of $2,429,427. The tenant is responsible for all operating expenses except roof and structural maintenance and repairs. This investment offers a secure, long-term lease with a financially strong, investment-grade tenant, making it an attractive addition to any portfolio. The property also offers potential for future expansion both within the existing building and on the site. The strategic location in Danville, Illinois, benefits from a robust agricultural economy and proximity to major universities, including the University of Illinois and Purdue University. This is a rare opportunity to acquire a high-quality, income-producing asset with a blue-chip tenant.

    Property Features for 3620 Borgen Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    217,323 SF
    Lot Size
    1,978,060 SF

    Building Details

    Year Built
    2022
    Buildings
    1

    HighLights

    • Long‑Term Lease in Place
    • FedEx Ground as a Credit Tenant
    • Multiple Global Manufacturers & Distributors Nearby in Danville, IL
    • Strong Agricultural Base Supporting Local Economy
    • Proximity to University of Illinois & Purdue University
    • Building Offers 2x Operational Expansion Capacity
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Restaurant Building Supply Auto Repair Shop Bar & Pub Garden Center Tanning Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Vermilion
    State
    Illinois
    Longitude
    -87.5382805
    Latitude
    40.1053934

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    FAQs

    What type of property is this?
    Distribution property - High-yield, net-leased industrial property.
    Where is this distribution property located?
    The property is located at 3620 Borgen Dr Danville, IL.
    What are key features of this property?
    This property features: Long-Term Lease in Place; FedEx Ground as a Credit Tenant; Multiple Global Manufacturers & Distributors Nearby in Danville, IL
    Request Owner's contact information
    3620 Borgen Dr Danville, IL 61834
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    Danville, IL 61834
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3620 Borgen Dr Danville, IL 61834
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