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1000 Edgewater Pt Lake Saint Louis, MO 63367

For Sale
$3,195,000

Multi-tenant office building, high occupancy, strong NOI.

Property size:
28,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
368
This exceptional four-story, Class B office building in Lake St. Louis, Missouri, presents a compelling investment opportunity. Boasting 20,104 square feet of net rentable space across 15 units, the property enjoys a remarkable 95% occupancy rate, generating a substantial net operating income (NOI) of $226,400. Built in 1989 and renovated in 2013, the building sits on a 1.65-acre lot in a prime location near SSM Lake St. Louis Hospital, easily accessible from Lake St. Louis Boulevard and I-70. The property features a diverse tenant mix, including medical and counseling practices, with long-term leases in place. Key tenants include Heartland Midwest OB-Gyn, CCC Center of Excellence Counseling, and Gateway to Health. The asking price is $3,195,000, representing a compelling 7.09% cap rate. The building's permitted zoning is "C," and each office offers stunning lake views. This stabilized investment offers a secure and profitable opportunity with significant upside potential. The property features a modified lease type and is offered fee simple.

Property Features for 1000 Edgewater Pt

General Information

Property type
Office Properties & Spaces
Square Feet
28,000 SF
Class
B
Lot Size
71,874 SF

Building Details

Year Built/Renovated
1989/2013
Buildings
1
Stories
4
Units
15

HighLights

  • Asking Price: $3,195,000
  • Net Operating Income (NOI): $226,400
  • Long‑term leases in place
  • Medical and general office uses
  • Lakefront location with lake views from all offices.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Lake Saint Louis
County
St Charles
State
Missouri
Longitude
-90.762046833476
Latitude
38.801093455907

FAQs

What type of property is this?
Office Property / Space - Multi-tenant office building, high occupancy, strong NOI.
Where is this office property / space located?
The property is located at 1000 Edgewater Pt Lake Saint Louis, MO.
What is the asking price?
The asking price for this property is $3,195,000.
What are key features of this property?
This property features: Asking Price: $3,195,000; Net Operating Income (NOI): $226,400; Long-term leases in place
More about this property
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