4173 Crescent Drive, Out Of Area (BDAR) MO 63129

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$1,849,000

4173 Crescent Drive, Out Of Area (BDAR), MO 63129

bedrooms

bathrooms

square feet

Acreage

2.44

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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.

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MLS number: 3562247

Listing agent: David Holbrook #2006030900

Listing broker: Realty Executives Fort Leonard Wood Llc (573) 336-2206

Copyright © 2025 Bagnell Dam Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Wednesday, February 5 2025 at 1:16 p.m. EST

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