4173 Cres Dr StSt. Louis, MO 63129

Property Details for 4173 Cres Dr St

Year built

1985

Lot size

2.30 AC

Property size (Sq ft)

23,000 SF

Property type

Office properties

Description

This exceptional investment opportunity presents a 19-unit, multi-tenant executive office complex located at 4173 Crescent Drive in St. Louis, Missouri, 63129. The property boasts a total of 21,500 net rentable square feet across four, two-story buildings, situated on 2.3 to 2.6 acres of land. Built in 1985, the complex underwent significant renovations in 2022 and 2023, including new roofs in 2024, ensuring modern functionality and curb appeal. Currently enjoying a 95% occupancy rate with 18 tenants under a gross lease structure with 3-year terms and annual market rate rent bumps, the property generates a strong pro-forma NOI of $129,430, representing a 7.00% pro-forma cap rate. The asking price is $1,849,000, translating to a land value of approximately $516,200 per acre. Ample parking is provided with 77 spaces. The property is zoned CB and benefits from a prime location offering excellent visibility and accessibility to major interstates (I-55 and I-64) and prominent retailers like Costco and Target. This presents a compelling owner-user or investment opportunity with significant upside potential. The property's strong tenant base, recent renovations, and strategic location combine to create a highly desirable commercial real estate asset.

Location Insight

City

St. Louis

County

St Louis

State

Missouri

Latitude

38.5074

Longitude

-90.3357

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