Property Attributes
- MLS#3562247
- TypeCommercial
- CountyOUT OF AREA
- CityOut Of Area
- AreaO
- Zip63129
- StyleOffice
- Taxes$ 44989
- Price$ 1,990,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size2.44 Acres
Data Source:
Lake of the Ozarks MLS (LOBR)
Property Description
PRICE REDUCTION -NEW ROOFS - NEW Landscaping and Window Screens - The Southport Office Park located in the heart of Saint Louis at 4173 Crescent Drive. The Southport Office Park consist of 4 separate buildings, two stories each for a total of 28,311 SF of office space. The offices were originally built in 1985 and are 90% leased with a very diverse tenant group which includes; Family Care center, Strategic Technology Group LLC, BKR Design, American Family insurance, Adriatic Home Health LLC, Farmers , Kirkendall Dwyer Law firm, Empowered Health, Forget Me Not Senior Services, Compassionate Health Care of STL, True Vine Counseling Services, and Developing Resource Partners. The Southport Office Complex at 4173 Crescent Drive is being offered at an outstanding basis of $80 per square foot and an in-place cap rate of 8%. With an average weighted lease term of 3 years, below market rent, and 90% occupancy, it offers new ownership significant value-add potential. With new landscaping and window seals along with New Roofs in 2023 this Office complex is ready to cash flow upon purchase.
Price History | |
---|---|
3/8/2024 | Listed $2,290,000 |
4/5/2024 | 7% - $2,149,000 |
5/8/2024 | 8% - $1,990,000 |
General Features
Sewer | PublicSewer |
---|---|
Heating | Electric,ForcedAir |
Cooling | CentralAir |
Utilities | ElectricityAvailable,SewerAvailable,WaterAvailable |
Construction Materials | Brick,Block |
Property SubType | Office |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
Business Type | ProfessionalOffice |
County | Out Of Area |
New Construction | No |
Property Type | CommercialSale |
HOA / Comm Assn | No |
Attached Garage | No |
Garage Y/N | No |
Status | Active |
Directions | See Map |
ModificationTimestamp | 2024-05-08T17:35:46.433-00:00 |
City | Out Of Area (BDAR) |
Buyer Agent Compensation | 2.50 |
View Y/N | No |
Senior Community Y/N | No |
MLS Area | O |
Private Pool | No |
Waterfront Y/N | No |
Carport Y/N | No |
Street Name | Crescent |
Property Attached Y/N | No |
Land Lease Y/N | No |
Tax Annual Amount | 44989.0 |
Home Warranty Y/N | No |
Lease Renewal Y/N | No |
Additional Parcels Y/N | No |
Lease Considered Y/N | No |
Rent Control Y/N | No |
Virtual Tour | https://www.propertypanorama.com/instaview/loo/3562247 |
Days on Market | 58 |
Standard Status | Active |
Occupancy Description | Tenant |
Property Sub Type Additional | Office,Retail,MixedUse |
MobileHomeRemainsYN | No |
PostalCity | Out Of Area (BDAR) |
Legal Description | 8 27 85 CRECELIUS LOT PT 2 (RD DEDI) |
Interior Features
Basement (Y/N) | No |
---|---|
Air Conditioning Y/N | Yes |
Heating Y/N | Yes |
Fireplace Y/N | No |
Street Suffix | Drive |
Electric On Property Y/N | No |
Exterior Features
Water Source | Public |
---|---|
Total Parking | 70.0 |
Lot Size Area | 2.44 |
Spa | No |
Building Area Total | 0.0 |
Lot Size Acres | 2.44 |
Road Surface Type | Asphalt,Paved |
Lot Size Units | Acres |
Road Frontage Type | Highway |
Crops Included Y/N | No |
Open Parking Y/N | No |
Horse Y/N | No |
Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool