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    1122 Town & Country Cmns Dr Chesterfield, MO 63017
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    Property profile & analytics

    1122 Town & Country Cmns Dr, Chesterfield, MO 63017

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    • Office Spaces
    • 48,642 SF
    • 6.90 lot acres
    Off-Market

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 1122 Town & Country Cmns Dr

    Year built
    1995
    Lot size
    6.90 lot acres
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional investment opportunity presents a 48,500-square-foot Class B office building in Town and Country, Missouri. The property, situated on a 6.9-acre lot at 1122 Town & Country Commons Dr, features a mix of creative, medical, and traditional office spaces. Currently 50% occupied by the IRS under a 13-year gross lease (commencing September 1, 2022, and expiring August 31, 2035), offering a substantial 10.8 years of remaining lease term. The building boasts a strong current NOI of $475,000, with a pro-forma NOI projected at $675,000. The asking price is $6,500,000, representing a current cap rate of 7.31% and a pro-forma cap rate of 10.38%. Significant renovations were completed in 2022, including a new roof, HVAC system, parking field, and landscaping. The building includes 5.84 parking spaces per 1,000 square feet and is zoned C. This value-add opportunity allows for significant upside potential by leasing the currently vacant second floor, offering substantial cost savings for a user-occupier while leveraging the existing IRS lease income. The property is offered fee simple with a corporate guarantee on the existing lease. The building consists of two stories and was originally constructed in 1995.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use


    Location Insight

    • Map
    • Local Demand
    City
    Chesterfield
    County
    St Louis
    State
    Missouri
    Longitude
    -90.5188
    Latitude
    38.6291
    More about this property
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