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618-277-4400

Excellent Investment Opportunity

$3,550,000

Listing Resources

Listing Description

Investment Opportunity

18,185 SF Fully Leased Class A Office Building, High End Finishes Throughout.

Current Tenants, Merrill Lynch and Rice Sullivan, have leases through the end of 2025. Financials available upon receipt of a fully executed CA. Medical and financial services tenants occupy neighboring buildings.

Excellent Location on IL Route 159, 3.5 Miles to I-64; 20 Minutes to Downtown St. Louis, MO.

NOI: $277,119.56   | CAP: 7.80%

Sale Price: $3,550,000

Listing Details

Settings
Listing No : 2350
Sale Or Lease : For Sale
Property Type(s) : Investment
Building Size (Sqft) : 18,185 Sqft
Lot Size (Acres) : 2.10 Acre(s)
Sale Price : $3,550,000
Sale Price Per Sqft : $195
CAP Rate : 7.80%
GRM : 11.90
NOI : $277,119.56
Building Total Sqft : 18,185 Sqft
Total Sqft Available : 18,185 Sqft
Office : 18,185 Sqft
Min Divisible Sqft : 18,185 Sqft
Max Contiguous Sqft : 18,185 Sqft
Parcel No : 08-09.0-206-022
Zoning : PB-Planned Business
Zoning By : Swansea
Parking : 66
Parking Surface Type : Asphalt
Property Tax : $57,751
Tax Year : 2019
Traffic Count : 18,000
Topography : Level
Year Built : 2004
Rehab Year : 2006
Class : A
Total Acres Available : 2.10 Acre(s)
Min Divisible Acres : 2.10 Acre(s)
Acres : 2.10 Acre(s)
Frontage : 219 ft
Depth : 442 ft
Interstate : I-64

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