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Property Details
South County Industrial / Flex Investment Opportunity
- Two-building campus totaling 29,746 SF on two parcels
- Price well below replacement cost at $78.00/SF (8.03% cap rate)
- 2.3 years remaining on the leases, plus two (2) one-year renewal options (Tenant has 20-year operating history at the location)
- Major tenant investment in TI and production equipment making it unlikely tenant will relocate
- NN passive lease structure (LL responsible for maintenance/repair/replacement of roof, parking lot and select HVAC)
- Properties have been meticulously maintained; No upcoming cap ex needed
Located in the South County submarket, historically St. Louis' strongest industrial / flex market
Priced well below replacement cost
- Property TypeIndustrial
- Submarket
- Total Acres0.68
- Property ID2148802
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