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500 N Keene St
12,600 SF Medical Unit Offered at £3,403,658 in Columbia, MO 65201
Investment Highlights
- 4 Medical Office Suites Leased to the University of Missouri Hospital Health Systems
- 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
- University of Missouri Occupies Several Full Floors, Including the Entire Third Floor, Which the University Completely Remodeled at Their Expense
- 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.
Executive Summary
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.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | £3,403,658 | Building Class | A |
| Unit Size | 12,600 SF | Number of Floors | 4 |
| No. Units | 1 | Typical Floor Size | 19,216 SF |
| Total Building Size | 76,864 SF | Year Built | 1983 |
| Property Type | Office (Unit) | Lot Size | 4.37 AC |
| Property Subtype | Medical | Parking Ratio | 3.82/1,000 SF |
| Sale Type | Investment NNN |
| Price | £3,403,658 |
| Unit Size | 12,600 SF |
| No. Units | 1 |
| Total Building Size | 76,864 SF |
| Property Type | Office (Unit) |
| Property Subtype | Medical |
| Sale Type | Investment NNN |
| Building Class | A |
| Number of Floors | 4 |
| Typical Floor Size | 19,216 SF |
| Year Built | 1983 |
| Lot Size | 4.37 AC |
| Parking Ratio | 3.82/1,000 SF |
1 Unit Available
Unit Full Floor
| Unit Size | 12,600 SF | Sale Type | Investment |
| Price | £3,403,658 | Net Initial Yield | 8.36% |
| Price Per SF | £270.13 | NOI | £284,572.82 |
| Unit Use | Medical | No. Parking Spaces | 294 |
| Unit Size | 12,600 SF |
| Price | £3,403,658 |
| Price Per SF | £270.13 |
| Unit Use | Medical |
| Sale Type | Investment |
| Net Initial Yield | 8.36% |
| NOI | £284,572.82 |
| No. Parking Spaces | 294 |
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.
Amenities
- 24 Hour Access
- Bus Route
- Controlled Access
- Signage
- Accent Lighting
- Atrium
- Central Heating
- Suspended Ceilings
- Air Conditioning
zoning
| Zoning Code | M-OF (Commercial Office) |
| M-OF (Commercial Office) |
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500 N Keene St
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