For Sale
For Sale
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Total Building Size
58,249 RSF
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Overview
Clayton Submarket | St. Louis, Missouri TOP PERFORMING SUBMARKET • 3.8% Class A vacancy • 25% of total St. Louis MSA lease transactions • 412,000 SF positive absorption for the year 2019 • Maintains steady investment activity with over $1.5 Billion in new construction recently completed or underway STABILIZED ASSET WITH UPSIDE POTENTIAL • Currently 96% leased at rental rates below market • Opportunity to increase square footage on existing leases by implementing BOMA’s most recent measurement standards HIGH BARRIERS TO ENTRY • Limited land for new office construction • Preferred location in which to invest for institutional capital in St. Louis MSA
Property Details
Clayton Submarket | St. Louis, Missouri TOP PERFORMING SUBMARKET • 3.8% Class A vacancy • 25% of total St. Louis MSA lease transactions • 412,000 SF positive absorption for the year 2019 • Maintains steady investment activity with over $1.5 Billion in new construction recently completed or underway STABILIZED ASSET WITH UPSIDE POTENTIAL • Currently 96% leased at rental rates below market • Opportunity to increase square footage on existing leases by implementing BOMA’s most recent measurement standards HIGH BARRIERS TO ENTRY • Limited land for new office construction • Preferred location in which to invest for institutional capital in St. Louis MSA
- Property TypeOffice
- Submarket
- Total Building Size58,249RSF
- Total Acres1.41
- Building ClassB
- Sale StatusAvailable
- Property ID2173852