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3253 E Chestnut Expy
Springfield, MO 65802
Frisco Building · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Property has strong recent leasing history of office units.
- Additional revenue streams including tower leases, parking lot kiosk, and telecommunication center.
- Strong mix of regional and national tenants with staggered lease dates.
- 20,093 SF or more available for buyer's occupancy or to lease out.
- Exterior remodel in 2021 and upgrades to water heater and chillers over the past 2 years.
- Annual increases in all leases to hedge against increasing costs.
EXECUTIVE SUMMARY
SVN is pleased to offer the Frisco Building, a 162,312 SF office building in Springfield, Missouri for sale. This property features 4 floors, many amenities, significant updates and infills over the last several years. Current tenant mix includes well known regional and national companies. In addition to standard units, the building includes a restaurant/café, fitness center with showers, shared training/meeting room and more. This office building is strategically located at the interchange of Chestnut Expressway and U.S. Highway 65 giving quick access to the Springfield Business District as well as around the region. The property has been very well maintained by an onsite ownership group with significant and ongoing capital improvements on a regular basis. Please contact listing agent for NDA and financial information.
This landmark facility is strategically located right along U.S. Highway 65 on Chestnut Expressway with over 150,000 population within a 15-minute drive. This location not only gives great access around the area but also immediate access to the central business district of Springfield, MO down Chestnut Expressway which includes city and county offices, university campuses and much more. This intersection brings significant recent developments including Costco, Menards, Whataburger, Mr. Car Wash and many others in the last few years.
Lee McLean III, SIOR, CCIM serves as a Senior Advisor for SVN Commercial in the Springfield Missouri metro area. Lee holds the SIOR & CCIM designation, a Brokers-Associate real estate license and consistently ranks in the top 3% of SVN International.
This landmark facility is strategically located right along U.S. Highway 65 on Chestnut Expressway with over 150,000 population within a 15-minute drive. This location not only gives great access around the area but also immediate access to the central business district of Springfield, MO down Chestnut Expressway which includes city and county offices, university campuses and much more. This intersection brings significant recent developments including Costco, Menards, Whataburger, Mr. Car Wash and many others in the last few years.
Lee McLean III, SIOR, CCIM serves as a Senior Advisor for SVN Commercial in the Springfield Missouri metro area. Lee holds the SIOR & CCIM designation, a Brokers-Associate real estate license and consistently ranks in the top 3% of SVN International.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
162,312 SF
Building Class
B
Year Built
1965
Price
$22,500,000
Price Per SF
$138.62
Percent Leased
88%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
40,578 SF
Building FAR
0.48
Lot Size
7.84 AC
Opportunity Zone
Yes
Zoning
Heavy Manufacturing
AMENITIES
- Fitness Center
- Food Service
PROPERTY TAXES
| Parcel Number | 12-16-401-011 | Improvements Assessment | $2,535,580 |
| Land Assessment | $349,540 | Total Assessment | $2,885,120 |
PROPERTY TAXES
Parcel Number
12-16-401-011
Land Assessment
$349,540
Improvements Assessment
$2,535,580
Total Assessment
$2,885,120
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