3215 Wingate CtColumbia, MO 65201
- Medical offices
- 20,630 SF
Property Details for 3215 Wingate Ct
- Year built
- 2011
- Lot size
- 1.40 AC
- Property size (Sq ft)
- 20,630 SF
- Zone code
- C1
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 17-104-00-10-001.00 01
- APU
- 1710400100010001
Description
This exceptional Class A medical office building, totaling 21,167 square feet, presents a compelling investment opportunity. Located at 3215 Wingate Ct, Columbia, MO 65201, this 100% occupied, two-story building boasts a prime location within Boone County. Constructed in 2011 on a 1.4-acre lot, the property features a multi-tenant occupancy with four tenants, all credit-rated and under a Net Lease (NNN) agreement with annual CPI rent increases. The building is zoned PD and benefits from the strong tenant base of the University of Missouri System, a leading healthcare system with a robust credit rating. The diverse mix of medical specialties within the building includes family medicine, surgery, ophthalmology, audiology, pediatrics, and endocrinology, ensuring a stable and consistent income stream. Columbia's robust healthcare sector and impressive 20.5% population growth over the last five years further solidify this investment's potential for long-term appreciation. This is a rare opportunity to acquire a high-quality, fully occupied medical office building in a thriving market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $4,900,536
- 6.5%
- $4,523,572
- 7%
- $4,200,460
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,608,315
- Geo Method
- $1,608,315
-
Alternative Use
- Use
- Valuation
- Residential
- $5,609,230
- Hospitality
- $5,138,024
- Educational
- $4,274,776
- Medical
- $4,421,792
- Retail
- $6,649,652
Location Insight
- City
- Columbia
- County
- Boone
- State
- Missouri
- Latitude
- 38.9581
- Longitude
- -92.2901
- CBSA code
- 17860
- CBSA name
- COLUMBIA, MO METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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