Listed by Haith & Company Realtors
$1,350,000
Hidden Creeks Bldgs 2-4
Details
Property Type Office
Sub Type Executive Office, Traditional Office
Square Footage 16,915
Net Rentable (SqFt) 14,815
Cap Rate 9.75%
NOI $131,625
Occupancy 91%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 10.77%
Pro-Forma NOI $145,417
Price per SqFt $80
Class B
Year Built 1979
Year Renovated 2023
Buildings 3
Stories 3
Acreage 1.580
10% CAP Rate Renovated Office Complex with Upside Potential Available in Independence
Marketing description
Haith & Company, Inc is pleased to offer Hidden Creek, a newly renovated office building complex with great upside potential.
14405 E 42nd Street, in Independence, Missouri is a 16,915 gross SF Office Building Complex comprised of 3 office buildings. Each building features a mix of private office suites from individual offices to full floors. There is approximately 14,815 Rental SquareFeet in buildings 2, 3, & 4 combined.
Ample parking available and major renovations complete!
Investment highlights
Major renovations complete!
New HVAC
New Exterior Landscaping & Flatwork
New Restrooms
New Carpet
New Paint
New Lighting
Listing Contacts
Listed by Haith & Company Realtors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$131,625.00
$10,968.75/mo
Valuation Metrics
0
DSCR
9.75%
Cap Rate
9.75%
ROI
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