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475 Regency Park Dr
O'Fallon, IL 62269
Office Property For Sale
Executive Summary
High profile income producing office asset available for sale. Only one vacancy (6,819 SF) in this Class A office building. Very strong professional services tenant base with a Weighted Average Lease Term (WALT) calculation of 3.4 years. All tenants have options to extend for additional terms with annual escalations. Contact broker for financial details.
Vacant space available for lease at $28.75/SF Full Service.
Tremendous visibility to I-64 and Green Mount Rd – premier growth corridor in the Metropolitan East. Within walking distance to multiple restaurants, hotels, and directly adjacent to O’Fallon Regency Conference Center and St. Elizabeth’s Hospital. Located 5 minutes from Scott Air Force Base, 15 minutes to downtown St. Louis, MO and 30 minutes to St. Louis International Airport.
Vacant space available for lease at $28.75/SF Full Service.
Tremendous visibility to I-64 and Green Mount Rd – premier growth corridor in the Metropolitan East. Within walking distance to multiple restaurants, hotels, and directly adjacent to O’Fallon Regency Conference Center and St. Elizabeth’s Hospital. Located 5 minutes from Scott Air Force Base, 15 minutes to downtown St. Louis, MO and 30 minutes to St. Louis International Airport.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
49,776 SF
Building Class
B
Year Built
2008
Price
$9,100,000
Price Per SF
$182.82
Cap Rate
7.07%
NOI
$643,802
Percent Leased
86%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
16,592 SF
Slab To Slab
11’
Building FAR
0.46
Lot Size
2.51 AC
Zoning
B1 - commercial
Parking
250 Spaces (5.02 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Bus Line
- Signage
Property Taxes
| Parcel Number | 03-36.0-203-013 | Improvements Assessment | $1,776,490 |
| Land Assessment | $335,128 | Total Assessment | $2,111,618 |
Property Taxes
Parcel Number
03-36.0-203-013
Land Assessment
$335,128
Improvements Assessment
$1,776,490
Total Assessment
$2,111,618
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