Multi-Tenant Office Building located in Saint Peters, MO now available for sale.
The property features 10 office suites (from 475 S.F. to 1,420 S.F.) and is currently 77% occupied with a strong tenant mix. The property was built in 1998 and has been well-maintained by the current property owners. There are 48 parking spaces in total. This is an all electric building (no gas). There is an opportunity to convert this property into a Full NNN office/retail building.
The property has 119' of frontage on Jungermann Road with 20k Vehicles Per Day. There is building and monument signage available for tenants. This opportunity would be ideal for an owner-occupant that could occupy one of the units with their business and lease out the remaining units.
Gross Income is $80,928
NOI is $48,880
Current Cap Rate is 8.16%
Subject property is located on Jungermann Rd. approximately 1/4 North of McClay Rd in St. Peters, MO.
Take Hwy 94/Page Ave/MO-364 to Jungermann Road North. Property is on West side of street just North of McClay Road.
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