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505 N Ridgeview Dr
Warrensburg, MO 64093
Office Property For Sale
Investment Highlights
- 100% occupied by the State of Missouri
- Leased to the State of Missouri since 1994
- $147,297 in place NOI
- High cap rate opportunity 9.50%
- 0.4% office vacancy in Warrensburg
Executive Summary
Newmark Zimmer, as an exclusive advisor, is pleased to present the opportunity to acquire a 19,392-square-foot, single-tenant building located at 505 N Ridgeview Dr, Warrensburg, MO 64093 (“The Property”). The Property is being offered at a 9.50% cap rate, for $1,550,000 ($79.93/SF).
The Property is 100% leased to the State of Missouri, which has occupied the building for 30 years, since it was constructed. Strategically located in Warrensburg, the office provides important state services to residents of Warrensburg and the surrounding community. Services operating include the Warrensburg Driving Test Center, Missouri Child Support, Probation & Parole Office, and Johnson County Family Support.
The Property is 100% leased to the State of Missouri, which has occupied the building for 30 years, since it was constructed. Strategically located in Warrensburg, the office provides important state services to residents of Warrensburg and the surrounding community. Services operating include the Warrensburg Driving Test Center, Missouri Child Support, Probation & Parole Office, and Johnson County Family Support.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
19,392 SF
Building Class
B
Year Built
1994
Price
$2,121,625 CAD
Price Per SF
$109.41 CAD
Cap Rate
9.50%
NOI
$201,619 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
19,392 SF
Building FAR
0.09
Lot Size
4.75 AC
Zoning
C - Commercial
Parking
112 Spaces (5.78 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 11401900000005102 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $386,527 CAD |
Property Taxes
Parcel Number
11401900000005102
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$386,527 CAD
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