2301 Maguire Blvd Columbia, MO 65201-7628
- Office buildings
- 37,713 SF
- 4.41 lot acres
Jul 14, 2022
Current Use by Public Records
- CARFAX, Inc. / Corporate Office / Convenience Store
Property Details for 2301 Maguire Blvd
- Year built
- 2010
- Lot size
- 4.41 lot acres
- Property size
- 37,713 SF
- Zone code
- MC
- Property type
- Office buildings
- APN
- 17-404-00-01-008.00 01
- APU
- 1740400010080001
Description
This exceptional investment opportunity presents a 36,833 square foot, single-tenant office building located at 2301 Maguire Blvd, Columbia, MO 65201. The property boasts a 7.25% cap rate and a strong, long-term lease with CARFAX, a subsidiary of S&P Global, Inc., extending until June 30, 2034, with two 5-year renewal options. The lease is a Net-Net-Plus (NN+) structure, minimizing landlord responsibilities. Annual rent increases of $0.50 per square foot are built into the lease, providing consistent income growth. Built in 2003 and renovated in 2006 and 2012, the single-story building sits on a 7.72-acre lot within the Concorde Office & Industrial Plaza, a premier business park with excellent access to Highway 63. CARFAX, a long-term tenant since 1984, occupies 100% of the space and has consistently expanded its operations at this location, demonstrating a strong commitment to the site. The property's strategic location in Columbia, MO, benefits from proximity to Interstate 70 and the University of Missouri, a major economic driver in the region. This investment offers a compelling combination of strong tenant occupancy, significant lease term, and attractive financial returns. The property is situated in Boone County and offers a stable and secure investment opportunity.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $695,000
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Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Boone
- State
- Missouri
- Longitude
- -92.2888
- Latitude
- 38.9235
- CBSA code
- 17860
- CBSA name
- COLUMBIA, MO METROPOLITAN STATISTICAL AREA