Listed by Barbermurphy Group
$1,799,000
Investment Office Building in St. Louis MSA: 10.22% Cap Rate
Details
APN 22-1-20-09-07-201-014.001 22-2-20-09-07-201-027 22-2-20 90-07-201-028
Property Type Office
Sub Type Executive Office
Square Footage 25,000
Net Rentable (SqFt) 20,083
Cap Rate 10.22%
NOI $183,868
Occupancy 93%
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Price per SqFt $72
Class B
Year Built 1979
Year Renovated 1999
Buildings 1
Stories 2
Acreage 2.470
Zoning Commercial
Parking Spaces 73 spaces
Parking Per SqFt 2.92
Investment Type Stabilized
Office | 10.22% CAP | 25,000 SqFt
Marketing description
25,000 SF Office investment property with a 93% occupancy. Anchor Tenants – Bethany occupies 25% rentable space of the total building with recent expansion and lease extensions. Quantum Vision occupies 22%. Room for growth and additional income. The HVAC for the second floor was replaced in 2021. The first floor unit was rebuilt and had the compressors replaced in 2014. Roof was replaced in 2025. Landscaping and parking lot surface patched and striped in 2024.
Office building is located in a professional office park in Granite City, Illinois, this location offers easy access to major highways, including Interstate 270, making it convenient for both employees and clients.
Investment highlights
- Anchor Tenants - Bethany Occupies 25% Rentable Space of the Total Building With Recent Expansion and Lease Extensions. Clarkson Eye Care Occupies 22%.
- Occupancy - 86% Occupied Building. Room for Growth and Additional Income.
- St. Louis Market Area - Location in a Professional Office Park in Granite City, Illinois, This Location Offers Easy Access to Major Highways, Including Interstate 270, Making It Convenient for Both Employees and Clients.
Listing Contacts
Listed by Barbermurphy Group
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$183,868.00
$15,322.33/mo
Valuation Metrics
0
DSCR
10.22%
Cap Rate
10.22%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage Address
Is there information that looks off?
