Bought with WINTERS SHELTON REAL ESTATE GROUP, LLC RE/MAX Lake of the Ozarks
$2,000,000
$2,000,000
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53,653 SqFt
SOLD DATE : 10/17/2022
Key Details
Sold Price $2,000,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 53,653 sqft
Price per Sqft $37
MLS Listing ID 3547766
Sold Date 10/17/22
Construction Status Updated/Remodeled
HOA Y/N No
Total Fin. Sqft 53653
Annual Tax Amount $7,241
Tax Year 2021
Lot Size 7.110 Acres
Acres 7.11
Property Sub-Type Office
Property Description
The Laurie Mall has been revitalized and ready for new ownership. New leases have been signed and put in place. Substantial cosmetic improvements completed, as well as a newer roof. Building is on City Water & Sewer and has high speed fiber optic internet provided by CO-MO Connect as well as AT&T. Parking lot is FLAT, comes with two 60' curb cuts and more than 120 parking spaces. Gross square feet of the building is 53,653 with 40,070 Square Feet of Leasable space; only 49% of the leasable space has been leased. COMC just signed a 10 year triple net lease as the Anchor. The entire building is clear span, none of the individual spaces have load bearing walls; build to suit opportunities for new tenants. Fill up the spaces and you can have a minimum 8% ROI on your investment, but market statistics show a higher ROI is very achievable. Purchase includes 3.91 Acre lot on back side of property for expansion or further development with storage units, etc.
Location
State MO
County Morgan
Area K
Zoning C-2
Interior
Interior Features InteriorFeatures
Heating Electric, Forced Air
Cooling Central Air
Furnishings Unfurnished
Fireplace No
Exterior
Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available
Water Access Desc Public
Roof Type Flat
Street Surface Asphalt,Paved
Road Frontage Highway
Total Parking Spaces 127
Building
Lot Description Level
Sewer Public Sewer
Water Public
Structure Type Block
Construction Status Updated/Remodeled
Others
Tax ID 209029000000103000
Ownership Fee Simple,Stock
Financing Conventional
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