COMMERCIAL BUILDINGS PROFESSIONAL OFFICES ST. LOUIS, MO
Real Estate :: Commercial
COMMERCIAL BUILDINGS PROFESSIONAL OFFICES ST. LOUIS, MOOCCUPIED ½ mile from HWY 270 & minutes from Interstates
Great opportunity to invest in prime Commercial Property with high Return On Investment (ROI) ! Price: $1,575,000.00 This property would be offered as deliverable at Closing free and clear of debt. The pricing reflect a compromise between CAP rate and price per SF, after taking into account Property age, location tenancy and competition. Description: Building: Business CommercialSize: 14,448 Square feetLand Area: 1.5 acres Parking spaces: 90 Businesses: Offices / Restaurant / Others No. of units: 18 Accessibility: Located on HWY 270 Outer road (½ mile from HWY) City and State: St. Louis, Missouri, USA Area: North St. Louis County, close to Boeing, and Intersection of Hwy 270 and McDonnell blvd Highlights: This commercial property is well leased, sable office building and located within major interstates. Construction: Brick exterior, shingle pitched roof and paved asphalt parking Features: Highly visible from interstate High occupancy rate Stable Cash Flow Redevelopment capacity Attractive, low maintenance exterior Characteristics: Year build: 1987 Rentable space: 14,488 CAP Rate: 9.27% Price / Rentable per SF: 108.71 Occupancy: 96% Other details: Occupancy rate: Averages 95% yearly occupancy with stable tenants, and projected to continue. (Market average of 86% ) Demographics: Support strong growth and located within rapidly growing area Expansion: Building on a fraction of property offering expansion possibilities Reason for sale: Owner seeks to redeploy equity into other investmentsNB. Pictures taken before business hours, and does not reflect property area traffic.Overall condition: Excellent Terms of sale: Sale by Owner. International buyers: International bidders are welcome, ask seller a question for more details before bidding Contacts: Bill at (314) 731 4004 or ask seller a question and mentioned that you saw the property listed on eBay for pricing purposes. Thank you for your interestest. Please do not hesitate to contact us if further details are required. | ||||||||||||
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