Southtown Office Center
Listing was updated at: 09/04/2019
Property Overview
Price/Rent PSF $ 2,900,000.00
Asset Type Office
Trade Type Sale
SQ. FT. Available 18,576
Date Available 09/04/2019
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Floors 2
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Description

Location
The subject property has no direct access to US 65. It is currently accessible from US 65 from Birch Street off of the Industrial Park Drive interchange. The subject is in a first-off freeway interchange location. The subject site is currently visible from the northbound lanes of US 65 for about 900 feet and from the north from about 500 feet.

The subject property is located in the Southtowne development in the southern portion of Hollister, Missouri in the northeast quadrant of the Southtowne interchange on US Highway 65. This neighborhood is dominated by the presence of Highway 65 and its connection to Branson and Springfield. Statistics suggest that around 85 % of the tourism trade entering Branson approaches from the north along US Highway 65. Also, the only access to Branson from south of Table Rock lake is through Hollister by way of US Highway 65.

Two of the four quadrants developed with strong retail establishments including a Lowes, Menards, a Sonic, a Taco Bell, a McDonalds, several branch banks, and other shopping centers. The Souththowne interchange was constructed to provide access to an industrial park east of US 65 and the College of the Ozarks and Ozark Technical College west of the highway, with the highway aligning to the two developments.

Sale
The primary building improvement consists of a two story rectangular office building. This building includes an attached covered driveway on the south side of the south foyer extension. The two foyer extensions each contain a large vestibule opening to a separate lobby and to a stairway landing. The south and north lobbies are connected by a five foot wide hallway which runs north and south through the middle of the building leading to an elevator landing. There is a large mechanical room and an elevator equipment room behind the elevator. There is an additional entrance on the east side of the building with another five foot wide hallway leading to the elevator landing. The remainder of the main floor is configured as tenant occupied space. The western area has a private entrance on the west elevation of the building. The upper floor is accessible from the two stairways on the north and
south sides of the building and from the elevator. There is a five foot wide corridor leading between the two stairway additions through the middle of the upper floor. There is another large mechanical room and another elevator equipment room behind the elevator.

The plans depict leaseable areas which are particularly small totaling around 13,562 square feet, or about 73 % efficient, for multi-tenant use. However, the subject is leased to a single tenant (Cox Community Health Center) through October 2019. The current configuration cuts each floor into three units each for a total of six units some of which have been divided further internally at times. Each of these units is configured for use as independent clinics with exam rooms, labs, nurses stations, manager’s offices, doctor’s offices, and break rooms off of either side of a central corridor or on the outside of a hallway. Other unit amenities include bathrooms, extensive millwork, meds closets, and service counters. One unit is equipped with an X-ray room at one time (though we do not know the current status of this tenant amenity).

Location