1905 W. 32nd Street Joplin, MO 64804

Sansone Group and SVN | Rankin Company have been retained on an exclusive basis to arrange the sale of Thousand Oaks Professional Building, located in Joplin, Missouri. Originally built in 2000 and renovated in 2011, the four-story multi-tenant medical and professional building consists of 84,716 SF and is located along a medical corridor 0.5 miles from the Freeman Hospital West campus and 3.5 miles from Mercy Hospital Joplin. At 29% leased, the Property represents an enticing value-add offering presenting investors with the opportunity to achieve significant net operating income upside through additional leasing at an attractive basis. The asset features abundant parking over a surface lot totaling 292 spaces (including 18 handicap spaces) and multiple entrances into the newly renovated first floor lobby and common areas.

Thousand Oaks Professional Building is anchored by Four States Surgery Center, the region’s leading free-standing ASC specializing in advanced medical and surgical eye care with three locations in Southwest Missouri. The practice occupies 41% of the Property’s leased area and has been in occupancy since 2005. Mercy Health Southwest (S&P rated: A+, Moody’s: A1) is a non-profit healthcare system headquartered in St. Louis, MO and is the 7th largest Catholic system in the U.S. operating in four states. At this location, Mercy provides wound care and hyperbaric oxygen therapy services and occupies 21% of the leased area. The practice has occupied the Property since 2012 and just renewed 5,818 square feet through 2027. Other clinical services offered at Thousand Oaks include diagnostic imaging, regenerative medicine and behavioral health services.

The property has enjoyed the benefit of institutional ownership and management over the last nine years and has been substantially occupied during that time. Recent tenant downsizings have created an opportunity for a value-add investor or owner-user to re-position the property and enjoy the significant potential growth offered by the large blocks of vacant space.

The fee simple Property is offered free and clear of existing debt.

Location Description
Located less than one mile from the Freeman West Hospital Campus and just 3.5 miles from Mercy Hospital Joplin. Other neighboring businesses include Landmark Hospital, Southwest Missouri Bank, Kansas City University-Joplin Campus, Freeman Business Center, Arvest Bank, Del Rio Grill & Cantina, Freeman Orthopedics & Sports Medicine and many other local and national businesses.

The Joplin business community is led by industries such as healthcare, transportation and logistics, manufacturing, and food processing. The central location and access to major interstates and rail make Joplin a regional hub with 1-day access to the majority of the United States. The lower cost of living in the Joplin area makes it an attractive destination for many businesses.

Joplin had a population of 52,518 as of 2022 with an MSA population of just over 200,000. Joplin MSA includes parts of Missouri and Kansas.

Located at a crossroads of Interstates 44 & 49 as well as US Hwy 71 for great access throughout the region. Joplin sits less than a 3 hour drive of Kansas City, Tulsa, Wichita, and Bentonville.

Joplin's cost of living is 15% below the national average and 7% below state of Missouri average.

Major employers in the Joplin area include Leggett & Platt, Tamko Building Products, Tyson Foods, Schreiber Foods, Jack Henry & Associates as well as healthcare providers Mercy & Freeman Health.