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    114 Piper Hill

    Saint Peters, MO 63376
    • $1,400,000
    • STATUS: Active
    • ON SITE: 31 days
    • ID#: 20084079
    UPDATED: 94 min ago
    $1,400,000
    • 0
      BEDS
    • 1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,360
      SQFT
    • $97
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1998
    County:

    School Ratings & Info

    Description

    This 14,360 sf brick exterior, low maintenance office building is demised with floor plans for medical offices, professional services, and /or general offices & is available For Sale NOW at a 8.5% cap rate! This could be an ideal investment for the owner user with a 100% leased building that offers short term income until you're prepared to occupy. Local businesses thrive in this highly desirable area that offers quick & easy access to I-70 & Hwy 370. The two Tenants are TVS Supply Chain Solutions North America, Inc that occupies the 7180 sf upper level & approx. 1,483 sf of the 1st floor & the Lease expires 3/31/21. Novamed Surgery Center of St. Peters, LLC occupies the balance of 5697 sf of the main level and the current Lease expires 4/30/2021. Both Tenants are on Full Service Leases.Price includes new roof prior to Closing. The Leases, 2019 Year End Financials, the YTD for 2020, & property tours are available to buyers that can provide a written financing prequalification letter.

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    Listing information © 2021 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2021-01-17T23:49:02.75.

    Clarity Street Realty: 314-963-7300
    www.claritystreetrealty.com/homes/112673932
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    114 Piper Hill Saint Peters, MO 63376

    • Price: $1,400,000
    • Status: Active
    • Updated: 94 min ago
    • ID#: 20084079
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1
    Acres
    14,360
    SQFT
    $97
    $/SQFT
    1998
    Built
    Neighborhood:
    Piper Office Park #1
    County:
    St Charles
    Area:
    Fort Zumwalt East
    Property Description
    This 14,360 sf brick exterior, low maintenance office building is demised with floor plans for medical offices, professional services, and /or general offices & is available For Sale NOW at a 8.5% cap rate! This could be an ideal investment for the owner user with a 100% leased building that offers short term income until you're prepared to occupy. Local businesses thrive in this highly desirable area that offers quick & easy access to I-70 & Hwy 370. The two Tenants are TVS Supply Chain Solutions North America, Inc that occupies the 7180 sf upper level & approx. 1,483 sf of the 1st floor & the Lease expires 3/31/21. Novamed Surgery Center of St. Peters, LLC occupies the balance of 5697 sf of the main level and the current Lease expires 4/30/2021. Both Tenants are on Full Service Leases.Price includes new roof prior to Closing. The Leases, 2019 Year End Financials, the YTD for 2020, & property tours are available to buyers that can provide a written financing prequalification letter.
    Exterior Features

    Building Type 2 StoriesFreestandingMedical BuildingMixed UseOffice Building Construction Conventional Exterior BrickOther Land Info Additional AvailableIncluded Lot Dimensions 187' X 220' Approx. Parking Description Lighted ParkingParking LotPaved Asphalt Parking Spaces 58 Road Access City Street Road Frontage 418 Roof Other Roof Type Unit Location Business ParkCityCorner LocationHigh TrafficOther

    Interior Features

    Cooling Central-Electric Heating Forced Air Interior Walls Drywall Miscellaneous 2+ LavatoriesDelivery DoorExterior LightingSmoke Alarm/Detec Sq Ft First Floor 7180 Sq Ft Second Floor 7180

    Property Features

    Association St. Louis Association of REALTORS Building Fuel Gas Commercial Lease Type Full Service Commercial Property Type Office LandSpecial Purpose/Use Conditions Unknown Cross Street Address Executive Centre Parkway Current Use MedicalOffice/GeneralOffice Disclosures CityFlood Plain NoSellers Discl Not Av Docs Avail At Office Aerial PhotoFloor PlanLeasesProfit & Loss StmtsOther Additional Inf Electric Service Other Gross Operating Income 241787.00 Lease Terms 1 Year Or Less3 Years Or Less Lot Size Source County Records Net Income 119400.00 Offering LeaseSale Operating Expense Common Area MtceElectricityGasMaintenanceProperty InsuranceReal Estate TaxWater & Sewer Possession At Closing Possible Buyer Fees YN Yes Sale Includes Building & Land Selling Terms CashConventional Sewer Public Special Description Disabled PersonsNo Step/Ramp EntryRenovatedSome Accessible Features Special Listing Conditions None Square Footage Source County Records Tax Exempt 0 Tax Year 2019 Taxes Paid 28751 Total Expenses 122430.00 Utilities Available CableElectricGasWaterSewerTelephone Water Public Zoning Improved Commercial (C)

    Listing provided courtesy of Keller Williams Realty West. Listing information © 2021 Mid America Regional Information Systems, Inc.
    Listing information © 2021 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2021-01-17T23:49:02.75.

    Clarity Street Realty: 314-963-7300
     
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    Clarity Street Realty
    1712 S. Big Bend Blvd
    St. Louis MO, 63117