• Broker David Holbrook 5733362206

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

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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.

ATTACHMENTS

Non Disclosure Agreement
Crescent Real Estate Information
Crescent Tax

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
Office
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

LINKS

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

Map of 4171-4193 Crescent Dr Saint Louis, MO 63129

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