This Retail Property is Off-Market.

Exit 156, Interstate 44
Waynesville, MO 65583 ·

115,000 SF · Retail For Sale

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Hunters Point Apartment Community

Price N/A Occupancy 95%
Building Size 115,000 SF No. Stories 2
Property Type Retail Tenancy Multiple
Property Sub-type Anchor Property on Ground Lease? Yes
Property Use Type Investment Year Built 2004
Commission Split 2.5% Lot Size 12 AC
Cap Rate 8.50% Parking Ratio 2.20 / 1,000 SF
Listing ID: 14911742 Date Created: 12/07/2006 Last Updated: 04/05/2007

Description

Gross Income of nearly $1,000,000 annually, and an NOI of over $700,000 annually! Built in 2004, Hunters Point Apartments is in one of the regions premier locations, just outside Fort Leonard Wood, in Waynesville, Missouri. 20 Minutes from University of Missouri Rolla, 40 Minutes from Lake of the Ozarks, and 5 Minutes from the military base. On the quiet hillside of Hunters Point, just south of Interstate 44 and near Fort Leonard Wood's newest entrance. The property provides great visual marketing, and continually has the best occupancies in the region. Expense ratio is under 25% and this property has been perfectly seasoned.

We would like to discuss the potential to have current property managers, who maintain the HIGHEST occupancies in the area, and have done so for years, maintain management, and maintenance under a long term agreement to ease the burden of purchase in anyway possible. You can't buy property such as this for under $75/Sf with the land price included!

Comprised of 18 1 BR/1 BA, 60 2 BR/ 2 BA, and 34 3 BR/3 BA. Rents are $600/$715/$850 respectively. Great condo conversion opportunity as well. Each unit contains full size washer and dryer.

Properties are off the North and South Side of Interstate 44 in Waynesville, MO. Town is outside of Nations 4th largest Army base, Fort Leonard Wood, MO, and the County has been one of the largest growing counties IN THE COUNTRY, due to Army base expansion.

Highlights

  • Great Cap Rates, OVER 8.5%!
  • Apartments only 2 Years Old all Appliances (W/D too) included
  • Stable Market in Midwest Location
  • Developer owned and built, perfectly seasoned property.
  • Jump in and take advantage, Value Add Potential
  • Just Listed

Research

Exit 156, Interstate 44, Waynesville, MO 65583 (Pulaski County)

Waynesville Market Trends - Asking price index trends, sale price trends, asking rent trends

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