950 Francis PlClayton, MO 63105

This exceptional three-story, 61,200-square-foot office building in Clayton, Missouri, presents a compelling investment opportunity. Located at 950 Francis Place, this Class B property boasts 38 units, ideal for owner-users or investors. Built in 1956 and extensively renovated in 2014, the building features a desirable tenant mix, primarily medical professionals, with a current occupancy rate of 75%, projected to reach full occupancy by August 15, 2024. The property offers a flexible layout suitable for various office configurations, including executive, medical, and traditional office spaces. Many tenants are long-term, and current rents are below market value, providing significant upside potential. A two-level parking garage adds convenience, while the building's prime location offers easy access to I-170 and I-64, ensuring high visibility and accessibility. Recent updates include a new HVAC system throughout and a 24-hour security system. This well-maintained property, situated in the prestigious Clayton office submarket, presents a rare chance to acquire a valuable asset with strong potential for future growth and income. The building's smaller unit sizes are particularly attractive to a variety of tenants. The property is located in St. Louis County, Missouri, with a zip code of 63105.