Featured Properties
2900 S. National, Springfield, MO 65804
The property consists of two buildings. Building one is 24,320 SF with 12,160 on the main level and 12,160 on the lower level and was remodeled. in 2006. Building two is 6,716 SF built in 2003. The property has a 15 yr. absolute net lease expiring in 2021. Rent bumps every five years. The lease is guaranteed by 12 doctors. See tenant info in the offering. The current loan is a conduit loan with has a balance of appx. $4.6 mil., in place in Feb. 2007, maturing 2/2017. 6.31% fixed. 1% assumption fee. Current rent is $42,222.33/month, the loan pymt is $29,432.18.
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3508 E. Division, Springfield, MO 65802
This 15.68 +/- acre tract is located at one of a few undeveloped Hwy 65 Interchanges. This interchange is just south of I-44. The property has frontage along Division Street (north side) and along Eastgate, 65 Highway’s outer road. This tract gently slopes to the east. The property’s south boundary is adjacent to Furniture Row Shopping Center, and Cooper Estates (one of Springfield’s first gated community) is adjacent to the east. The property located to the north is planned for a mixed use development called Stone Ridge. The land for Stone Ridge is available only on a ground lease basis or as a build-to-suit basis. Subject currently allows various office and retail uses on the property with a total gross floor area of 100,000 SF. Of the total amount, 75,000 SF may be devoted to permitted retail uses. City Staff would consider supporting a greater gross floor area development. 62,895 cars/day on Hwy 65 pass by the intersection of Hwy 65 & Division.
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1451 E. Woodland St, Springfield, MO 65804
Under Contract
The property consists of 94 one bedroom units. This is a senior HUD Housing property. It is managed by the previous owner that is extremely familiar with the HUD requirements.
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807-819 W. Hwy 60, Monett, MO 65708
Owner will guaranty vacancy for 12 months at $3.95/SF. This 80,000 SF Retail/Office Center is located at the corner of Hwy 60 and Skyler. It has been occupied by EFCO and Save-A-Lot and Fred's since 2000. There is currently a 19,000 SF vacant space formerly occupied by Fred’s. Owner is currently putting a new roof on the vacant space. EFCO, a Pella Company, is headquartered in Monett, MO. They are a leading manufacturer of architectural aluminum windows, curtain walls, and store front & entrance systems for commercial applications. EFCO occupies 47,600 SF in the building.
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