211 Compass Point Dr Saint Charles, MO 63301
- Commercial real estate
- 11,900 SF
- 2.65 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 211 Compass Point Dr
- Year built
- 1997
- Lot size
- 2.65 lot acres
- Property size
- 11,900 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 11,900 square foot, single-tenant office building located at 211 Compass Point Dr, St. Charles, MO 63301. The property, built in 1997 and extensively renovated in 2023, sits on a 2.65-acre lot and boasts 93 parking spaces. Currently leased to the Missouri Department of Corrections, Division of Probation and Parole, the lease commenced August 1, 2023, and extends until June 30, 2033, offering a remaining term of 8.6 years. The property features a Class B rating, a modified lease type, and a credit-rated tenant, ensuring a stable income stream. The asking price is $1,670,000, representing a price per square foot of $140.34 and an 8.25% cap rate based on a Net Operating Income (NOI) of $137,730. The property is 100% occupied and benefits from a new TPO roof installed in July 2024 and a geothermal heating and cooling system. Zoned I-1 Light Industrial, this property offers a secure investment with long-term lease stability and a strong return. The property's convenient location provides easy access to major roads and amenities.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saint Charles
- County
- St. Charles
- State
- Missouri
- Longitude
- -90.559149343902
- Latitude
- 38.795999849061
