4200 Merchant St, Columbia, MO 65203
15,000 SF | 100% Leased | Office Building | Columbia, MO 65203 | $2,280,000 ($152/SF) | 6.87% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,280,000
- Property Type
-
Office
- Square Feet
- 15,000 SF
- Price / Square Foot
- $152
Listing Contacts
Jack Maher, III
Verified Profile
- Property Info
Property Overview
Maher Commercial Real Estate is pleased to offer for sale the multi-tenant commercial building located at 4200 Merchant St. in Columbia, MO. The “Merchant Building” is located in the southwest sector of Columbia in the Village of Cherry Hill. The 15,980 S.F. building was constructed in 2001 and consists of 7,351 square feet on the main level (commercial), 7,989 square feet on the second level (apartments), and 640 square feet on the third level (apartment common area/outdoor patio). Please reach out to the listing broker for more information.
Property Details
- Class
- B
- Year Built/Renovated
- 2001/2018
- Stories
- 3
- Lot Size (sq. ft)
- 14,810 SF
Highlights
- 100% Leased Commercial Building with history of strong performance.
- 3 commercial tenants on main level have multi-year contracts in place.
- Current property manager can remain with property allowing for a passive investment opportunity.
- All commercial leases bump annually at 2%.
- The residential units are well cared for and are typically 100% occupied.
- The Merchant Building resides in the Village of Cherry Hill - southwest sector of Columbia, MO
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