Boonville Warehouse for rent

Warehouse Description

For sale: an 88,000 square foot industrial building with approximately 2,000 square feet of office space. The building features seven drive-in doors, four loading docks, and 13-15 foot ceiling heights. It is equipped with a 6 MW transformer, 9000 amps, and ample parking. It is located equidistant from St. Louis and Kansas City and includes one acre of fenced side yard. The property is 100% leased with a two-year lease secured with Genera Energy, expiring on October 11th, 2024, with additional renewal options available. The landlord is responsible for the roof, structure, and major mechanical systems, while the tenant is responsible for property maintenance. With an annual income of $343,200 and projected landlord annual expenses of $45,700, the projected net operating income is $297,500. The asking price is $2,800,000, which represents a 10.6% capitalization rate.