MLS#26019817
STATUSActive
PROPERTY TYPECommercial - Industrial
SUBDIVISIONFarmington Executive Park
Property Description
Rare government lease investment opportunity located in Farmington, MO! This four-building property is currently leased to USDA/Farm Services Agency through 2034 (guaranteed through November 2027), with additional tenants to be added. USDA/FSA has occupied the property since 1999. The main 7,237 SF office building (812 Progress Dr.) has recently been remodeled with new furnace, two new A/C units, new doors, new ductwork, and new flooring. The rear building (820 Progress Dr.) is 2,127 SF with a shop, office, loft storage, and overhead door, currently leased to Missouri Department of Conservation. The property sits on 2.53 acres with a pond, a vacant 800 SF shop (806 Progress Dr.) with garage door and restroom (accessible via easement from Captain D's), and a new 400 SF utility shed with fenced parking bullpen that is shared between tenants. The next year and a half has over $191,000+ net operating income (10.63% initial cap rate). Don't miss this great Core Plus investment opportunity!
Property Features
Property Type: Commercial - Industrial
Cooling: Central Air, Wall Unit(s)
Heating: Forced Air
Lot Size: 2.53 Acres
Taxes: $7,247
Year Built: 1999
Feature Descriptions
Current Use: Industrial, Office
Days on Site: 3
Electric: 220 Volts
Exterior: Brick, Metal Siding
Fencing: Chain Link
Parcel#: 14-10-02-00-000-0034.12
Potential Use: Commercial
Water: Public
Listed By / Shown By
Listed By
Agency Name: Lorimont L.C.
Shown By
Agent Name: Jenni Green Bank and Klaus Bank
Agent Phone: (314) 346-1972
Agency Title: RedKey Realty Leaders
Jenni Green Bank and Klaus Bank
Office: (636) 237-6000
Cell: (314) 346-1972
Cell Klaus: (314) 920-3986
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806-820 Progress Drive | MLS# 26019817
This commercial property located at 806-820 Progress Drive , Farmington, MO 63640 is currently listed for sale with an asking price of $1,800,000. Search Farmington real estate on www.jennigreenrealestate.com today.