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4173 Crescent Drive
Out Of Area (BDAR) MO 63129 US

$2,149,000

Active Listing ID 3562247
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Lot: 2.44 Acres
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Office

$2,149,000

Active Listing ID 3562247
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4173 Crescent Drive 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.

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Property Features

  • Facts
  • Lot Size: 2.44 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Office
  • Features
  • Heating Fuels: Forced Air

Property

  • propertytype: Commercial Sale
  • propertysubtype: Office
  • listprice: 2149000
  • unparsedaddress: 4173 Crescent Drive
  • postalcity: Out Of Area (BDAR)
  • stateorprovince: MO
  • country: US
  • postalcode: 63129
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 2.44
  • lotsizeunits: Acres
  • lotsizearea: 2.44
  • livingareaunits: Square Feet
  • latitude: 38.508153
  • longitude: -90.335676
  • listagentfullname: DAVID HOLBROOK
  • listagentemail: holbrooklakehomes@gmail.com
  • listagentkey: 3yd-BDAORMO-362
  • listagentmlsid: 362
  • listagentpreferredphone: 5736931437
  • listagentofficephone: 5736931437
  • listofficekey: 3yd-BDAORMO-50756240
  • listofficemlsid: 50756240
  • disclaimer: Copyright © 2024 Bagnell Dam Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: BDAORMO
  • listingcontractdate: 2024-03-08
  • countyorparish: Out Of Area
  • parcelnumber: 29621099
  • constructionmaterials: Block, Brick
  • heating: Forced Air
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 70
  • waterfrontyn: False
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -90.335676, 38.508153
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Listing Changed: 4/5/2024 4:22:46 PM GMT
Source Updated Date: 4/27/2024 6:43:39 AM GMT

Courtesy of: DAVID HOLBROOK, Jade Realty, holbrooklakehomes@gmail.com

Copyright © 2024 Bagnell Dam Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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