South Port Office Complex 4171-4193 Crescent Dr
28,311 SF 90% Leased Office Building Saint Louis, MO 63129 $1,795,000 ($63.40/SF) 7.21% Cap Rate
INVESTMENT HIGHLIGHTS
- New Roofs, Land Scaping, and Window Screens in 2023
- Close to I55, I64 and major shopping areas
- Lots of Parking Space
EXECUTIVE SUMMARY
95% Occupied - 7+% Cap Rate - New Roof, Land Scaping, Some HVAC units, and new Window Screens In 2023. These buildings offer a great investment opportunity in the Hub of St Louis activity. They offer a high occupancy rate, low maintenance, with all Capital Expenditures completed by current owners.
Great location conveniently located off I-55 and I-270 with unmatched highway visibility. These unique off spaces are located in a quiet cul de sace and close to restaurants, shopping and work out facilities. Each building has a versatile floor plan, ample green space and plenty of parking. This office complex offers a versatile tenant base which currently includes; professional services; healthcare; legal services, insurance; and several mixed use businesses. Potential buyer must sign a non-disclosure agreement to receive full financials.
All offers must include proof of funds. Serious buyers only.
Great location conveniently located off I-55 and I-270 with unmatched highway visibility. These unique off spaces are located in a quiet cul de sace and close to restaurants, shopping and work out facilities. Each building has a versatile floor plan, ample green space and plenty of parking. This office complex offers a versatile tenant base which currently includes; professional services; healthcare; legal services, insurance; and several mixed use businesses. Potential buyer must sign a non-disclosure agreement to receive full financials.
All offers must include proof of funds. Serious buyers only.
DATA ROOM Click Here to Access
- Offering Memorandum
- Third Party Reports
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Building Size
28,311 SF
Building Class
B
Year Built
1985
Price
$1,795,000
Price Per SF
$63.40
Cap Rate
7.21%
NOI
$129,430
Percent Leased
90%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,156 SF
Building FAR
0.27
Lot Size
2.44 AC
Zoning
C8, St. Louis - C8 Zoning
Parking
77 Spaces (2.72 Spaces per 1,000 SF Leased)
AMENITIES
- Courtyard
- Signage
- Accent Lighting
PROPERTY TAXES
| Parcel Number | 29K-62-1099 | Total Assessment | $597,340 |
| Land Assessment | $165,180 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $432,160 | Tax Year | 2023 Payable 2024 |
