Ask D.W. Hindman
3400 Ashland, St Joseph, Missouri
Description
Located on the northside of St. Joseph in Ashland Square, just off of Business I-29 (North Belt Highway). Occupancy 86%. In the last 5 years a new parking lot, roof, and HVACS installed. Lighting upgraded to LED for low maintenance. Most suites have been updated. In the last 2 years, two major tenants occupying 5,920 sq ft have had major updates to units. ATM machine on property with high return. Overall property is currently at a 7% CAP rate, with room to improve up to 9% CAP with current month-to-month leases and 100% occupancy. Avg lease rate is $8.76 well below the average, current lease rate in St. Joseph. Room to increase CAP rate even more! Showings must be scheduled with the listing agent. Some leases are available for $9 per square foot and some are higher - please reach out for more detailed information.
Directions: I-29 N., Take Exit 50 toward US-169 toward King City/St. Joseph, Turn left onto US-169 S/Rochester Road, Turn left onto I-29 BL, Turn right onto Ashland Ave/Lovers Lane, Turn right, Turn right and destination will be on the right.
Additional Information
Exterior
Financial/HOA/Schools
Maps
Interested? Contact Us Today About This Listing
All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of May 6, 2024 at 12:00:00 PM UTC.
© 2024 Heartland Multiple Listing Service, Inc. Based on information submitted to the MLS GRID as of May 6, 2024 at 12:00:00 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listed By: Ewn Group of Real Broker, Llc-mo