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6.73% CAP CLASS A OFFICE INVESTMENT 1515-1527 E Lark St 20,883 SF 100% Leased Office Building Springfield, MO 65804 $3,740,000 ($179.09/SF) 6.74% Cap Rate
Investment Highlights
- PRICE PER FOOT: $179.09/SF
- CAP RATE: 6.73% CAP
- NUMBER OF TENANTS: Four
- Annual NOI: $251,903.72
- TOTAL BUILDING(S) SIZE: 20,883 SF
- YEAR BUILT: 2021 & 1998
Executive Summary
PROPERTY DESCRIPTION
Thank you for viewing this prime opportunity to own this 100% Leased Class A Office Investment now available for sale in south Springfield located at 1507-1727
E Lark Street. This Turn-Key Investment features a total of 20,883 SF across two buildings with a total of four tenants, each on a long-term, NNN lease. For additional information, please contact the listing agent. Thank you!
LOCATION DESCRIPTION
Near the corner of S Fremont Ave and E Republic Road in South Springfield, Missouri. Neighboring retailers include Blue Iguana Car Wash, Harter House, Toth and Associates, Architect Coffee Co, Corner 21 Chinese, Propel Fitness, Sonic Drive-In, Vogue Cleaners, Cox Hospital, Twin Oaks Country Club, and more.
Thank you for viewing this prime opportunity to own this 100% Leased Class A Office Investment now available for sale in south Springfield located at 1507-1727
E Lark Street. This Turn-Key Investment features a total of 20,883 SF across two buildings with a total of four tenants, each on a long-term, NNN lease. For additional information, please contact the listing agent. Thank you!
LOCATION DESCRIPTION
Near the corner of S Fremont Ave and E Republic Road in South Springfield, Missouri. Neighboring retailers include Blue Iguana Car Wash, Harter House, Toth and Associates, Architect Coffee Co, Corner 21 Chinese, Propel Fitness, Sonic Drive-In, Vogue Cleaners, Cox Hospital, Twin Oaks Country Club, and more.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
20,883 SF
Building Class
A
Year Built
1998
Price
$3,740,000
Price Per SF
$179.09
Cap Rate
6.74%
NOI
$251,904
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,442 SF
Building FAR
0.50
Lot Size
0.95 AC
Zoning
HC - Highway Commercial
Parking
37 Spaces (1.77 Spaces per 1,000 SF Leased)
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 19-18-102-010 | Improvements Assessment | $572,100 |
| Land Assessment | $214,300 | Total Assessment | $786,400 |
Property Taxes
Parcel Number
19-18-102-010
Land Assessment
$214,300
Improvements Assessment
$572,100
Total Assessment
$786,400
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6.73% CAP CLASS A OFFICE INVESTMENT | 1515-1527 E Lark St
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