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4173 Crescent Drive

Out Of Area (BDAR), MO 63129
  • $2,149,000
  • STATUS: Active
  • ON SITE: 38 Days
  • MLS #: 3562247
Price Reduced
$2,149,000
  • 0
    BEDS
  • 2.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
O
Type:
Commercial
County:
Area:
O

School Ratings & Info

Description

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 of4 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% 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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Listing information © 2024 Multiple Listing Service of Lake of the Ozarks Board of REALTORS®, Inc. and Bagnell Dam Assocation of REALTORS®. All rights reserved.
These Properties are provided courtesy of Broker Reciprocity/IDX Lake of the Ozarks Board of REALTORS®, Inc. and Bagnell Dam Association of REALTORS® Multiple Listing Services. Real estate listings held by brokerage firms other than Boulevard Realty are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. Information is being provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Data last updated: 2024-04-18T09:58:14.92.

www.blvdmo.com/homes/148455211
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4173 Crescent Drive Out Of Area (BDAR), MO 63129

  • Price: $2,149,000
  • Status: Active
  • On Site: 38 Days
  • MLS #: 3562247
0
Beds
0
Baths
0
½ Baths
2.44
Acres
Neighborhood:
O
County:
Out Of Area
Area:
O
Property Description
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 of4 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% 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.
Exterior Features

Construction Materials BrickBlock Parking Total 70 Waterfront YN No

Interior Features

Cooling Central Air Cooling YN Yes Heating ElectricForced Air Heating YN Yes

Property Features

Business Type Professional/Office Lease Considered YN No Number Of Units In Community 19 Ownership Fee Simple Property Sub Type Office Property Sub Type Additional OfficeRetailMixed Use Road Frontage Type Highway Road Surface Type AsphaltPaved Sewer Public Sewer Tax Annual Amount 44989 Tax Year 2023 Utilities Electricity AvailableSewer AvailableWater Available Water Source Public

Listing provided courtesy of Jade Realty: (573) 693-1437.


Listing information © 2024 Multiple Listing Service of Lake of the Ozarks Board of REALTORS®, Inc. and Bagnell Dam Assocation of REALTORS®. All rights reserved.
These Properties are provided courtesy of Broker Reciprocity/IDX Lake of the Ozarks Board of REALTORS®, Inc. and Bagnell Dam Association of REALTORS® Multiple Listing Services. Real estate listings held by brokerage firms other than Boulevard Realty are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. Information is being provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Data last updated: 2024-04-18T09:58:14.92.

 
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Boulevard Realty
1000 W Nifong Blvd Ste 8-110
Columbia MO, 65203