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$ 835,000
Est. payment | /mo
10,080 SqFt
$ 835,000
Est. payment | /mo
10,080 SqFt
Key Details
Property Type Commercial
Sub Type Commercial & Indr.
Listing Status Active
Purchase Type For Sale
Square Footage 10,080 sqft
Price per Sqft $82
Subdivision Affton Indust Park
MLS Listing ID 24075250
Construction Status 59
Year Built 1965
Building Age 59
Lot Size 0.607 Acres
Acres 0.607
Property Description
The property totals 10,000 SF (25% Office | 75% Warehouse) which is currently occupied by a single tenant user. There is a demising wall that splits the building into two 5,000 SF spaces, which has been opened in the back portion for the tenant to utilize the full 10,000 SF. They are required to repair this wall at the end of their lease term.
Further, the property contains multiple private offices (5+) & has 5 bathrooms (one of which is in the shop). The property is set up nicely for an owner-user. We are happy to discuss a creative solution if you are an owner occupant looking to operate out of this building.
The tenant has a lease through Dec 31st, 2027 and is currently on a gross lease. They pay approximately $8.40/SF for the entire space. There are multiple strategies to add value here, whether you convert back to two (5,000 SF) spaces (In High Demand) or converting the lease to a NNN structure to shelter some of your operating costs.
Further, the property contains multiple private offices (5+) & has 5 bathrooms (one of which is in the shop). The property is set up nicely for an owner-user. We are happy to discuss a creative solution if you are an owner occupant looking to operate out of this building.
The tenant has a lease through Dec 31st, 2027 and is currently on a gross lease. They pay approximately $8.40/SF for the entire space. There are multiple strategies to add value here, whether you convert back to two (5,000 SF) spaces (In High Demand) or converting the lease to a NNN structure to shelter some of your operating costs.
Location
State MO
County St Louis
Area Affton
Zoning M1
Interior
Heating Individual Unit, Forced Air
Cooling Electric
Fireplace N
Exterior
Utilities Available Electricity Available, Gas to Site, Water Available, Sewer Available
Roof Type Flat
Building
Sewer Public Sewer
Water Public
Structure Type Conventional
Construction Status 59
Others
Acceptable Financing Cash Only, Conventional, Exchange
Listing Terms Cash Only, Conventional, Exchange
Special Listing Condition None
Listed by Tyler Alms • Salient Realty Group, LLC