3715 Beck Rd bldg F
15 year government leased office building - Woodlawn office park - St. Joseph, MO
Marketing description
Investment leased to GSA with Social Security Administration tenant. 15 year lease beginning September 2023.
7,912 SF, 7227 BOMA. Located in the park-like setting of Woodlawn Village Office Condominiums.
Well located just off the Belt Hwy., near Price Chopper, banks, restaurants, retail and more office.
Traffic counts on the nearby Belt Hwy are 21,850 AADT.
Investment highlights
Investment Highlights
Long-Term Government Lease: Secure 15-year lease with a reputable tenant, providing stable cash flow.
Prime Location: Situated in a high-traffic area with excellent visibility and access to major retail and service providers.
Strong Tenant Credit: Backed by the General Services Administration (GSA), ensuring low risk and reliable payments.
Limited Competition: Few comparable office spaces in the immediate area, enhancing tenant retention and potential for future appreciation.
Attractive Cap Rate: Competitive 5.5% cap rate in the current market, offering solid returns for investors.
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