Bought with DAVID HOLBROOK • Jade Realty
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4173 Crescent DR Other, MO 63129
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Key Details
Sold Price $1,595,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 28,311 sqft
Price per Sqft $56
MLS Listing ID 3562247
Sold Date 07/31/25
HOA Y/N No
Annual Tax Amount $44,989
Tax Year 2023
Lot Size 2.440 Acres
Acres 2.44
Property Sub-Type Office
Property Description
PRICE REDUCTION -NEW ROOFS - NEW Landscaping and Window Screens -
The Southport Office Park located in the heart of Saint Louis at 4173 Crescent Drive. The Southport Office Park consist of
4 separate buildings, two stories each for a total of 28,311 SF of office space.
The offices were originally built in 1985 and are 90% leased with a very diverse tenant group which includes; Family Care center, Strategic Technology Group LLC, BKR Design, American Family insurance, Adriatic Home Health LLC, Farmers , Kirkendall Dwyer Law firm, Empowered Health, Forget Me Not Senior Services, Compassionate Health Care of STL, True Vine Counseling Services, and Developing Resource Partners.
The Southport Office Complex at 4173 Crescent Drive is being offered at an outstanding basis of $80 per square foot and an in-place cap rate of 8%. With an average weighted lease term of 3 years, below market rent, and 90% occupancy, it offers new ownership significant value-add potential. With new landscaping and window seals along with New Roofs in 2023 this Office complex is ready to cash flow upon purchase.
Location
State MO
County Other
Area O
Interior
Interior Features InteriorFeatures
Heating Electric, Forced Air
Cooling Central Air
Furnishings Unfurnished
Fireplace No
Exterior
Utilities Available Electricity Available, Sewer Available, Water Available
Water Access Desc Public
Street Surface Asphalt,Paved
Road Frontage Highway
Total Parking Spaces 70
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Block
Others
Tax ID 29621099
Ownership Fee Simple,
Financing Conventional
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