• 114 Piper Hill Dr, Saint Peters, MO 63376

For Sale

Office

For Sale

This property is available for sale
1.0
Acres
$1,400,000
Sale Price
  • 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.

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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 Type
    Office
  • Submarket
  • Year Built
    1998
  • Sale Price
    $1,400,000
  • Total Building Size
    14,360RSF
  • Total Acres
    1.0
  • Number of Floors
    2
  • Building Class
    B
  • Sale Status
    Available
  • Property ID
    39547

Landlord's Sales Representative

  • Scott A. Sacco
    Accel Commercial RE