For Sale
For Sale
-
Year Built
1998
-
Total Building Size
14,360 RSF
-
Overview
Business Park, City, Corner Location, High Traffic, Other This 14,360 sf brick exterior, low maintenance office building is demised with floor plans for medical offices, professional services, and /or general offices & is available For Sale NOW at a 8.5% cap rate! This could be an ideal investment for the owner user with a 100% leased building that offers short term income until you're prepared to occupy. Local businesses thrive in this highly desirable area that offers quick & easy access to I-70 & Hwy 370. The two Tenants are TVS Supply Chain Solutions North America, Inc that occupies the 7180 sf upper level & approx. 1,483 sf of the 1st floor & the Lease expires 3/31/21. Novamed Surgery Center of St. Peters, LLC occupies the balance of 5697 sf of the main level and the current Lease expires 4/30/2021. Both Tenants are on Full Service Leases. Price includes new roof prior to Closing. The Leases, 2019 Year End Financials, the YTD for 2020, & property tours are available to buyers that can provide a written financing prequalification letter.
Property Details
Business Park, City, Corner Location, High Traffic, Other This 14,360 sf brick exterior, low maintenance office building is demised with floor plans for medical offices, professional services, and /or general offices & is available For Sale NOW at a 8.5% cap rate! This could be an ideal investment for the owner user with a 100% leased building that offers short term income until you're prepared to occupy. Local businesses thrive in this highly desirable area that offers quick & easy access to I-70 & Hwy 370. The two Tenants are TVS Supply Chain Solutions North America, Inc that occupies the 7180 sf upper level & approx. 1,483 sf of the 1st floor & the Lease expires 3/31/21. Novamed Surgery Center of St. Peters, LLC occupies the balance of 5697 sf of the main level and the current Lease expires 4/30/2021. Both Tenants are on Full Service Leases. Price includes new roof prior to Closing. The Leases, 2019 Year End Financials, the YTD for 2020, & property tours are available to buyers that can provide a written financing prequalification letter.
- Property TypeOffice
- Submarket
- Year Built1998
- Sale Price$1,400,000
- Total Building Size14,360RSF
- Total Acres1.0
- Number of Floors2
- Building ClassB
- Sale StatusAvailable
- Property ID39547