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367 RETAIL & PROFESSIONAL PARK
12404-12502 LUSHER ROAD, Saint Louis, MO 63138
N/A
44,888 SF
Shopping Center
Strip Center
Medical Office
Investment
1%
9.70%
96%
1
Multiple
1988
4.98 AC
07E-13-0202
-
Last Verified 1/28/2007
Listing ID 14409080
Highlights
HIGH TRAFFIC COUNT- PLENTY OF PARKING
- GREAT UPSIDE POTENTIAL
- HIGH NET OPERATING INCOME/CAP RATE
- GREAT LANDSCAPING & SIGNAGE
Description
RETAIL/BUSINESS PROFESSIONAL PARK LOCATED IN ONE OT THE FASTEST GROWING AREAS IN NORTH ST LOUIS COUNTY, OVER 200,000 RESIDENTS IN THE IMMEDIATE AREA. PROPERTY CONSISTS OF ONE LARGER RETAIL STRIP CENTER, ALONG WITH 5 SMALLER BUILDINGS, 95% OCCUPIED, NOI $354,902 TRAFFIC COUNT 40,000 DAILY, PLENTY OF PARKING, NEWER BUILDINGS (BUILT 1988). PROPERTY HAS TREMENDOUS UPSIDE WHERE CURRENTLY OUR RETAIL SPACE IS AVERAGING APPROXIMATELY $12.00 PSF, MARKET RATE FOR COMPARABLE PROPERTIES IS CLOSER TO $17.00 PSF FOR RETAIL IN THIS AREA. INSURANCE FOR 2006 WILL DECREASE-2005 RATE BASED ON LARGE CLAIM FOR ROOF DAMAGE DUE TO HAILSTORM.
GREAT EXPOSURE, CLOSE TO I-270, I-170, & ILLINOIS, 1.5 MILES TO CHRISTIAN NE HOSPITOL. MANY OF THE TENANTS ARE MEDICAL PROFESSIONALS WHICH ALSO WORK AT CHRISTIAN NE. CURRENTLY A MULTI-MILLION DOLLAR HIGHWAY IMPROVEMENT PROJECT IS WELL UNDERWAY THAT SHOULD RAISE PROPERTY VALUES SIGNIFICANTLY.
Map of 12404-12502 LUSHER ROAD, Saint Louis, MO 63138 (Saint Louis County)
Created 11/16/2005
Additional Information for 12404 Lusher Road, Saint Louis, MO 63138
- Active For Sale - 1 Listing
- Active For Lease - 0 Listing
- Previously Listed - 4 Historic Listings
- Sales Comparables Available - 0 RecentSales Record
View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.