ABSOLUTE $1 AUCTION 1ST BID MEETS RESERVE ±39,208 SF FORMER DAYTON SUPERIOR INDUSTRIAL FACILITY AVAILABLE AT A SIGNIFICANT DISCOUNT BELOW REPLACEMENT COST WITH TREMENDOUS UPSIDE VIA STRATEGIC LONG TERM LEASE-UP, ADAPTIVE REUSE, OR REPOSITIONING ONLINE AUCTION: March 23 - 25, 2020 PHILIP KATES ADAM SKLAVER T: 305-206-1286 T: 954-745-7467 E:
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[email protected] INDUSTRIAL, WAREHOUSE & DISTRIBUTION FACILITY ( FORMERLY DAYTON SUPERIOR) 402 SOUTH FIRST STREET, OREGON, IL CBRE is pleased to present a vacant industrial facility located at 402 S 1st Street in Oregon, IL (the “Property”). This Property is offered significantly below replacement cost and first bid meets reserve! This Property offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount. The Property is comprised of three buildings totaling ±39,208 SF on three parcels totaling ±2.72 acres. The Property was previously occupied by a single tenant, Dayton Superior, a concrete and construction supplier. The Propety’s 3 buildings are ideal for industrial, warehouse, and distribution uses. Building A contains a total of ±17,648 SF with ±5,376 SF of office; Building B contanis ±15,200 SF; and Building C contains ±6,360 SF. All buildings have 18ft-24ft ceiling heights. and one to two-stories. The Property was formerly occupied by a single tenant, Dayton Superior, a concrete product supplier in Oregon. The Property is zoned RZ, Riverfront District, allowing for a variety of uses. including commercial/retail/ recreational, etc. This absolute auction gives potential investors the ability to acquire a free-standing retail building with significant value add through long term lease up, adaptive reuse, or repositioning.