Historical Retail Sale Listing - Parkade Center

Retail For Sale

This Retail property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Retail For Sale, Columbia, MO or Missouri

Parkade Center

601 Business Loop 70 W, Columbia, MO 65203

N/A

212,729 SF | Retail

  • Print

Beautiful Parkade Atrium

Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
212,729 SF
Property Type:
Retail
Property Sub-type:
Regional Center/Mall
Additional Sub-types:
Office Building
Retail (Other)
Super Regional Center
Property Use Type:
Investment
Commission Split:
1.5%
Cap Rate:
8%
Occupancy:
78%
Tenancy:
Multiple
Lot Size:
19.40 AC
Listing ID
15968195
Last Updated
over 1 year ago

Highlights

  • Diverse national, regional and local tenant base
  • Capital recovery - out parcels can be created, rented or sold
  • Traffic counts exceeding 90,000 per day with 1,000+/- ft. of frontage
  • 40% over-parked with 1400 parking spaces = 6.5 /1000 s.f.
  • Recent completed renovation - no deferred maintenance.

Description

Parkade Center had a complete renovation in 2005 on the exterior and a majority of the interior. This property went from a low C-class property to a high B-class facility that has caught the eye of businesses and community.

Parkade consists of retail, government, service and office tenants. This gives it a unuiqe and organic identity which provides a great deal of stability to the asset.

Average rents are $9.00/sf in a $12.00+ market; near-term rent growth is available for the buyer.

The Parkade Center is located in one of Columbia's well established retail neighborhoods, with an area population of about 100,000. The center has visibility and access to I-70 and is on a major business thoroughfare (Business Loop 70).

Map of 601 Business Loop 70 W, Columbia, MO 65203 (Boone County)

Research for 601 Business Loop 70 W, Columbia, MO 65203 (Boone County)

  • Demographics – Population, income & other demographics near 601 Business Loop 70 W
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building