$1,650,000
$2,099,000
21.4%For more information regarding the value of a property, please contact us for a free consultation.
33,160 SqFt
SOLD DATE : 08/09/2021
Key Details
Sold Price $1,650,000
Property Type Commercial
Sub Type Commercial & Indr.
Listing Status Sold
Purchase Type For Sale
Square Footage 33,160 sqft
Price per Sqft $49
Subdivision Earth City 2 Lt 4748 Amd Lt
MLS Listing ID MAR18046312
Sold Date 08/09/21
Construction Status 36
Year Built 1985
Building Age 36
Lot Size 2.967 Acres
Acres 2.967
Property Sub-Type Commercial & Indr.
Property Description
4132 Shoreline Drive is a 100% Occupied, Stabilized Investment Opportunity. This Multi-Tenant Office/Warehouse Property is Offered at an 8% Cap Rate. The Sale includes a 2.97 Acre Parcel with a 33,160 S.F. Building, Built in 1985. Zoned "M3" Planned Industrial District, this Property has a Quality Tenant Mix with a healthy combination of National, International and Local Tenants. Current Leases are in "Modified Gross" format with varying amounts of remaining lease term.
The Subject Property is located in a quiet office/warehouse corridor, 1/2 Mile from Earth City Expressway/MO-141, where Lakefront Drive becomes Shoreline Drive. This property benefits from convenient access to I-70, I-270, and MO-141.
Full Offering Memorandum available.
Location
State MO
County St Louis
Area Hazelwood West
Zoning M3
Interior
Heating Individual Unit, Forced Air
Cooling Gas
Fireplace N
Exterior
Utilities Available Cable Available, Electricity Available, Gas to Site, Water Available, Sewer Available
Roof Type Flat
Building
Sewer Public Sewer
Water Public
Structure Type Conventional
Construction Status 36
Others
Special Listing Condition None
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Bought with Mark Clarkson
Real Estate Advisor | License ID: 2004026979
+1(314) 817-8178 | julie@lovethelou.homes