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500 N Keene St
Columbia, MO 65201

$4,350,000 USD

Medical Condo For Sale  •  12,600 SF

Property Details

  • Property Type Medical
  • Total Building Size 76,864 SF
  • Lot Size 4.37 AC
  • Building Class A
  • Year Built 1983
  • Cap Rate 8.36 %
  • Tenancy Multiple
  • Zoning M-OF
0 Transit Score
33 Walk Score

1 Unit Available

Name Condo Use Size Price Details
3rd Floor - Unit Full Floor Medical 12,600 SF $4,350,000 USD
  • Unit Size: 12,600 SF
  • Condo Use: Medical
  • Price: $4,350,000 USD
  • Sale Type: Investment
  • Price/SF: $345.24 USD
Description
4 medical office suites (the entire third floor) leased to the University of Missouri Hospital Health Systems (on a recently renewed 5-year lease).

Sale Notes
-Tenant Recently Signed a 5-Year Lease Extension on Three of the Four Suites, With the Fourth Suite Signed to a 3-Year Extension.

-Tenant Pays All Operating Fees + Building Expenses, Including Property Taxes, Building Insurance, Utilities, and Interior Maintenance.

Description 

Four medical office suites (the full third floor) leased to the University of Missouri Hospital Systems. The tenant, whose administration and finances are managed by a 9-member oversight board appointed by the Governor of Missouri, recently signed a 5-year lease extension on three of the four suites (306/307/308), and a 3-year extension on the fourth suite (303). The State of Missouri subsidizes the tenant with financial support for operations and capital improvements, acting as a corporate lessee. The suites are located in a 4-story, Class-A office building, part of a larger office complex serving primarily medical-oriented tenants.

Highlights

4 Medical Office Suites Leased to the University of Missouri Hospital Health Systems
Tenant Recently Signed a 5-Year Lease Extension on Three of the Four Suites, With the Fourth Suite Signed to a 3-Year Extension
Available Suites Comprise +/-12,600 SF on the 3rd Floor of a Class A +/-80,000 SF Office Building, Situated on a 4.37 Acres Lot
Tenant Pays All Operating Fees + Building Expenses, Including Property Taxes, Building Insurance, Utilities, and Interior Maintenance.
University of Missouri Occupies Several Full Floors, Including the Entire Third Floor, Which the University Completely Remodeled at Their Expense

Financial Summary

Cap Rate: 8.36 %
Total Expenses: $0 USD

Amenities

  • 24 Hour Access
  • Bus Line
  • Controlled Access
  • Signage
  • Accent Lighting
  • Atrium
  • Central Heating
  • Drop Ceiling
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Columbia Regional 17 min - 12.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 294
Type: Surface
Included in Rent: Yes
Lance Levin 310-713-3337 Lancelot Commercial
Lance Levin 310-713-3337 Lancelot Commercial