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618-277-4400

9,000 SF Owner/User Investment

$525,000

Listing Resources

Listing Description

Investment Property

9,000 SF Office/Retail Building for Sale with 4,500 SF End Cap available.

Current Tenants: BJC Healthcare & Heights Financial.

Located in the shadows of Alton Square Mall and adjacent to Target. Homer Adams Parkway visibility with 19,000+ ADT. 

Sale Price: $525,000 – CAP Rate: 9.8%
Reduced Lease Rate: $8.50 per SF, NNN

Listing Details

Settings
Listing No : 1239
Sale Or Lease : For Sale
Property Type(s) : Investment, Office, Office - General Office, Retail, Retail - Store Front Retail
Building Size (Sqft) : 9,000 Sqft
Total Sqft Available : 9,000 Sqft
Sale Price : $525,000
CAP Rate : 9.80%
NOI : $51,741
Building Total Sqft : 9,000 Sqft
Direct Lease : 4,500 Sqft
Office : 9,000 Sqft
Retail : 9,000 Sqft
Min Divisible Sqft : 4,500 Sqft
Max Contiguous Sqft : 9,000 Sqft
Parcel No : 23-2-07-01-05-101-003
Zoning : Commercial
Zoning By : Alton
Parking : 20
Parking Surface Type : Asphalt
Property Tax : $14,623
Tax Year : 2021
Traffic Count : 19,000
Acres : 0.50 Acre(s)
Frontage : 178 ft
Depth : 160 ft
Gross Rental Income : $75,353
Insurance : $5,643
CAM : $1,630
Utilities : $1,716

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