Listed by Barbermurphy Group
$1,950,000
NNN Leased Investment Property - CAP Rate: 9.22%
Details
APN 02-2-18-32-00-000-033; 034
Property Type Office
Sub Type Executive Office, Investment
Square Footage 12,827
Units 1
Cap Rate 8.37%
NOI $179,735
Tenancy Single
Lease Type NNN
Price per SqFt $152
Year Built 1989
Year Renovated 2016
Buildings 1
Stories 1
Acreage 2.100
Zoning C-3 Highway Business
Parking Spaces 58 spaces
Parking Per SqFt 4.52
Investment Type Net Lease
NNN Leased Investment | 8.37% CAP Rate
Marketing description
Investment Property
Single tenant office building with long term tenant. Recently signed a five year extension through 12/31/29. Triple-net lease structure where tenant pays all utilities, maintenance and taxes. LED lighting installed 2018. Landlord responsible for roof and structure.
Located in the heart of the Midwest, proximity to St. Louis (30 miles East), and within 500 mile radius of ten major U.S. markets.
Investment highlights
- Nutreco (Parent Company) North American Headquarters 12,827 SF Building on 2.1 Acres
- Legacy tenant, recently extended lease term
- Tenant recently invested in R&D facilities in the immediate area
Listing Contacts
Listed by Barbermurphy Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$179,735.00
$14,977.92/mo
Valuation Metrics
0
DSCR
9.22%
Cap Rate
9.22%
ROI
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