806-820 Progress Dr
$1,800,000
806-820 Progress Dr, Farmington, MO 63640
9,410 sqft
Building Size
2.85 acres
Lot Area
Details:
Highlights:
- Rare government lease investment opportunity
- Four buildings on 2.53 acres
- Remodeled 7,238 SF office building
- Three outbuildings
- Priced at $1,800,000
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 7,238 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 vacant 800 SF shop (806 Progress Dr.) with garage door and restroom, accessible via easement from Captain D's, as well as 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!
Located just 1/4 mile from Highway 67, convenient to historic downtown Farmington, restaurants, c-stores, industrial businesses, and shops.
Documents:
| Title | ||
|---|---|---|
| Survey | ||
| Office Building Floorplan | ||
| Sale Brochure | ||
| Sale_Brochure.pdf |
Location
Gallery
