2.44 Acres in Mehlville, MO - $1,795,000
Office - Out Of Area (BDAR), MO
PRICE REDUCTION -NEW ROOFS - NEW Landscaping and Window Screens -
The Southport Office Park located in the heart of Saint Louis at 4173 Crescent Drive. The Southport Office Park consist of
4 separate buildings, two stories each for a total of 28,311 SF of office space.
The offices were originally built in 1985 and are 90% leased with a very diverse tenant group which includes; Family Care center, Strategic Technology Group LLC, BKR Design, American Family insurance, Adriatic Home Health LLC, Farmers , Kirkendall Dwyer Law firm, Empowered Health, Forget Me Not Senior Services, Compassionate Health Care of STL, True Vine Counseling Services, and Developing Resource Partners.
The Southport Office Complex at 4173 Crescent Drive is being offered at an outstanding basis of $80 per square foot and an in-place cap rate of 8%. With an average weighted lease term of 3 years, below market rent, and 90%...
The Southport Office Complex at 4173 Crescent Drive is being offered at an outstanding basis of $80 per square foot and an in-place cap rate of 8%. With an average weighted lease term of 3 years, below market rent, and 90% occupancy, it offers new ownership significant value-add potential. With new landscaping and window seals along with New Roofs in 2023 this Office complex is ready to cash flow upon purchase.
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Directions
Hwy 54 to Kingdom City. I-70E toward STL to I-64E To STL 270 Bypass to Exit 1A to 255 to I-55 take Exit 1B to Hwy 67. Right off of Hwy 67 to Crescent Dr Crescent Dr for 3 blocks, Buildings will be on the right. 4173 Crescent Dr St. Louis MO 63129
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