Listed by BHHS Stein & Summers
$1,250,000
Donnell Court Building
Details
Property Type Office
Sub Type Traditional Office, Office Building
Square Footage 15,000
Units 10
Cap Rate 6.03%
NOI $75,385
Occupancy 100%
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Price per SqFt $83
Class B
Year Built 1902
Stories 2
Acreage 0.205
Investment Type Value Add
Tenant Credit No Credit Rating
Investment property for sale downtown St. Joseph MO
Marketing description
Presenting a prime investment opportunity in the heart of Saint Joseph, this meticulously renovated 15,000 SF office building boasts 10 spacious units within a historic structure dating back to 1902. Zoned P-1 and fully occupied, this property offers a compelling blend of tradition and modern functionality. The thoughtful 2010 renovation ensures contemporary amenities while preserving the building's historic character, making it an attractive option for office building investors. With 100% occupancy and a strategic location, this property provides a solid foundation for immediate returns and future growth, positioning it as a standout option in the Saint Joseph commercial real estate market.
Investment highlights
- 15,000 SF building
- 10 units
- Built in 1902
- Renovated in 2010
- Zoned P-1
- Located in the Saint Joseph area
- 100% occupancy
Listing Contacts
Listed by BHHS Stein & Summers
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$75,385.00
$6,282.08/mo
Valuation Metrics
0
DSCR
6.03%
Cap Rate
6.03%
ROI
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