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618-277-4400

Net Lease Investment Offering

$1,400,000

Listing Resources

Listing Description

Net Lease Investment Offering

True NNN Investment. Fully Leased Medical Office Building. 

7,410 SF Class B, ADA Compliant, Medical Office Building with 4,500 SF Basement – Sprinkled. Building is situated on a 0.86 Acre Lot. Built in 2006; Rehabbed in 2019. Common Area Male/Female Restrooms on BJC side. BJC side is also equipped with a backup generator.

3,304 SF Leased to Apex Physical Therapy
2,800 SF Leased to BJC Medical Group
700 SF Leased to Memorial Hospital Laboratory

Asphalt Parking Lot accommodates up to 40+ Vehicles.

Sale Price: $1,400,000

Listing Details

Settings
Listing No : 2226
Sale Or Lease : For Sale
Property Type(s) : Investment, Office - Medical
Building Size (Sqft) : 7,410 Sqft
Lot Size (Acres) : 0.82 Acre(s)
Total Sqft Available : 7,410 Sqft
Sale Price : $1,400,000
CAP Rate : 8.49%
NOI : $118,972
Building Total Sqft : 7,410 Sqft
Total Sqft Available : 7,410 Sqft
Office : 7,410 Sqft
Min Divisible Sqft : 7,410 Sqft
Max Contiguous Sqft : 7,410 Sqft
Parcel No : 13-28.0-206-010
Zoning : B-1 Commercial
Zoning By : Village of Smithton
Parking : 40
Parking Surface Type : Asphalt
Year Built : 2006
Rehab Year : 2009
Class : B
Roof : Shingle
Exterior : Brick Front/Vinyl Siding Rear and Sides
Sprinklers : Yes
Floors : 1

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