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14620009
14620011

1515 W Division St, Springfield, MO 65802 For Sale

JR
MO 2018038830
SVN Rankin Company, LLC
Listed by SVN Rankin Company, LLC
$2,775,000
978 days on market
Updated 89 days ago

71,599 SF Industrial for Sale: Owner/User or Investor

Details
Property Type Industrial
Sub Type Distribution, Warehouse (+1)
Square Footage 71,599
Net Rentable (SqFt) 35,500
Units 2
Cap Rate 5.49%
NOI $152,278
Occupancy 50%
Tenancy Multi
Lease Type NNN
Lease Term 10
Remaining Term 10
Lease Options 1
Price per SqFt $39
Acreage 2.600
Investment Type Value Add
Tenant Credit Credit Rated
Lease Commencement 11/09/2023

Commercial Opportunity

Marketing description

PROPERTY OVERVIEW

Thank you for viewing this 71,599 SF warehouse now available for Sale in Northwest Springfield, Missouri. +/- 35,500 SF of this building is occupied by a credit worthy tenant with a brand new 10-year lease signed in November of 2023. The other half of this building is currently a value-add, vacant warehouse with lots of potential for any owner/user or investor. Please contact the listing agent for more information or to schedule a showing. Shown by appointment only.

LOCATION OVERVIEW

Located at the NE corner of Division Street and N Kansas Expressway in Northwest Springfield with a combined traffic count of over 39,000 Vehicles Per Day. Neighboring businesses and institutions include O'Rielly Auto Parts, City Utilities, Paul Mueller Company, Carsten Auto Glass, Greene County Highway Department, and more.

Investment highlights

OFFERING SUMMARY

  • SALE PRICE: $2,775,000

  • BUILDING SIZE: 71,599 SF

  • LOT SIZE: 2.64 Acres

  • PRICE / SF: $38.76

  • YEAR BUILT: 1997

  • ZONING: Heavy Manufacturing

  • CROSS STREETS: Division and Kansas Expy

Listing Contacts

JR
MO 2018038830
SVN Rankin Company, LLC
Listed by SVN Rankin Company, LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$152,278.00
$12,689.83/mo

Valuation Metrics

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DSCR
5.49%
Cap Rate
5.49%
ROI

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