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618-277-4400

Investment Opportunity - Lakepointe Centre

$1,375,000

Listing Resources

Listing Description

Investment Opportunity – Lakepointe Centre

15,600 SF O’Fallon Retail Center on Hwy 50. Located by new McKendree Metro Rec Plex in a growing corridor of O’Fallon with good access to I-64.

Current tenants include B&B Import, Taylor Dance Academy, East Gate Grocery, Shana’s Hair Salon, Tan Solutions, CNH Photography, FM Exteriors and Farmer’s Insurance.
*(1) 2,400 SF Bay for Lease

Exterior and Interior improvements completed in 2019. 

*Licensed Real Estate Broker has ownership interest

Reduced Sale Price: $1,375,000
NOI: $120,862
CAP Rate: 9%

Listing Details

Settings
Listing No : 1690
Sale Or Lease : For Sale
Property Type(s) : Investment, Retail, Retail - Shopping Center
Building Size (Sqft) : 15,600 Sqft
Lot Size (Acres) : 1.40 Acre(s)
Total Sqft Available : 15,600 Sqft
Sale Price : $1,375,000
CAP Rate : 9%
NOI : $120,862
Building Total Sqft : 15,600 Sqft
Total Sqft Available : 15,600 Sqft
Office : 15,600 Sqft
Retail : 15,600 Sqft
Min Divisible Sqft : 15,600 Sqft
Max Contiguous Sqft : 15,600 Sqft
Parcel No : 04-33.0-201-001
Zoning : B-1
Zoning By : City of O'Fallon
Complex : Lakepointe Centre
Parking : 62
Parking Surface Type : Asphalt
Property Tax : $27,534
Tax Year : 2019
Traffic Count : 10,300
Year Built : 2003
Clearance Min : 8 ft
Clearance Max : 12 ft
Exterior : Brick/Block
Floors : 1
Interstate : I-64
Airport : St. Louis MidAmerica
Gross Rental Income : $158,220
Insurance : $3,435
CAM : $4,960
Utilities : $1,429

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