3253 E Chestnut Expy - Office FOR SALE


Springfield, MO 65802- East Springfield
$22,500,000 USD
417-818-8894
3253 E Chestnut Expy, Springfield, MO for Sale
$22,500,000 USD
Office - FOR SALE
1/15
null | Request Cap Rate

3253 E Chestnut Expy
Springfield, MO 65802
East Springfield


HIGHLIGHTS

  • Property has strong recent leasing history of office units.
  • 20,093 SF or more available for buyer's occupancy or to lease out.
  • Additional revenue streams including tower leases, parking lot kiosk, and telecommunication center.
  • Exterior remodel in 2021 and upgrades to water heater and chillers over the past 2 years.
  • Strong mix of regional and national tenants with staggered lease dates.
  • Annual increases in all leases to hedge against increasing costs.

OVERVIEW

SVN is pleased to offer the Frisco Building, a 162,312 SF office building in Springfield, Missouri for sale. This property features 4 floors, many amenities, significant updates and infills over the last several years. Current tenant mix includes well known regional and national companies. In addition to standard units, the building includes a restaurant/café, fitness center with showers, shared training/meeting room and more. This office building is strategically located at the interchange of Chestnut Expressway and U.S. Highway 65 giving quick access to the Springfield Business District as well as around the region. The property has been very well maintained by an onsite ownership group with significant and ongoing capital improvements on a regular basis. Please contact listing agent for NDA and financial information. This landmark facility is strategically located right along U.S. Highway 65 on Chestnut Expressway with over 150,000 population within a 15-minute drive. This location not only gives great access around the area but also immediate access to the central business district of Springfield, MO down Chestnut Expressway which includes city and county offices, university campuses and much more. This intersection brings significant recent developments including Costco, Menards, Whataburger, Mr. Car Wash and many others in the last few years. Lee McLean III, SIOR, CCIM serves as a Senior Advisor for SVN Commercial in the Springfield Missouri metro area. Lee holds the SIOR & CCIM designation, a Brokers-Associate real estate license and consistently ranks in the top 3% of SVN International.

FOR SALE DETAILS

PRICE

$22,500,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Frisco Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.84 AC

LAND SF

341,510 SF

ZONING

Heavy Manufacturing

APN/PARCEL ID

12-16-401-011

ASK ABOUT THIS PROPERTY

Lee McLeanSVN | Rankin Company, LLCMore Info
417-818-8894

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Lee McLeanSVN | Rankin Company, LLCMore Info
417-818-8894

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.