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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 Stay Pressed Juice Co., Taylor Dance Academy, East Gate Grocery, Shana’s Hair Salon, CNH Photography, USA Karate, Farmer’s Insurance and the Bricklayers Union. There is (1) Vacant Space in the center.

Exterior and Interior improvements completed in 2019. 

*Licensed Real Estate Broker has ownership interest

Reduced Sale Price: $1,375,000
NOI: $126,349
CAP Rate: 9%

Listing Details

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 : $126,349
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 : $28,139
Tax Year : 2021
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 : $174,769
Insurance : $3,840
CAM : $14,809
Utilities : $1,439

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