INDUSTRIAL BUILDING IN CHAMPAIGN, ILL. SOLD FOR $9.4 MILLION
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Champaign, Ill. (May 31, 2022) – Coldwell Banker Commercial represented the seller in the sale of a 194,380 square feet industrial building located at 3310 N. Duncan Rd. in Champaign, Ill. in a transaction valued at $9.4 million.
A.J. Thoma III, CCIM, SIOR, a commercial real estate professional with Coldwell Banker Commercial Devonshire Realty, represented the seller in the transaction.
The two-story building, constructed in 2006, contains 74,084 square feet of production space located on the east side of the first floor, along with 54,758 square feet of office space on the second floor and 20,076 square feet of mezzanine production space. The west side of the building has 44,039 square feet situated for distribution. The building also has six dock-high doors, one drive-in door and onsite parking spaces.
“Industrial space demand from commercial real estate investors and end users continues to be high in the Champaign-Urbana metropolitan area, while the current inventory levels of traditional industrial assets keep declining. This property was formerly used to distribute medical supplies along with printing operations and is well suited for the next occupier’s business needs,” said Thoma.
About Coldwell Banker Commercial Affiliates
Coldwell Banker Commercial Devonshire Realty is the local affiliate of Coldwell Banker Commercial® and provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition, and disposition of all property types. Since 1906, the Coldwell Banker Commercial brand has been a premier provider of real estate, recognized globally as a company that puts the client first while delivering individual, distinctly different service. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.
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