2820 Lemay Ferry Rd - Medical FOR SALE


Saint Louis, MO 63125- Mehlville
$325,000 USD
775-219-7452
2820 Lemay Ferry Rd, Saint Louis, MO for Sale
$325,000 USD
Medical - FOR SALE
1/1
null | 8.59% Cap Rate

2820 Lemay Ferry Rd
Saint Louis, MO 63125
Mehlville


OVERVIEW

2820 Lemay Ferry is a dental office that was converted from a single-family home. Elite Dental is the tenant and has been flawless in payment and responsible occupancy. The Lease expires in 2027 providing an opportunity for upside renewing the lease as a full Triple Net as opposed to the Modified Gross Lease the exists. The existing cap rate is favorable, and the tenant has no plans to move. Seller financing available per the following terms. $375,000 purchase price, 30% down payment, 6.9% APR, 10-year interest only payments.

FOR SALE DETAILS

PRICE

$325,000 USD

PRICE/SF

$67 USD /SF

CAP RATE

8.59%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

R4

APN/PARCEL ID

28J-34-0345

ASK ABOUT THIS PROPERTY

Christopher CapurroTimberVine GroupMore Info
775-219-7452

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Christopher CapurroTimberVine GroupMore Info
775-219-7452

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.