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Investment Highlights
- Located in St. Louis’ #1 submarket for small bay industrial
- In-place rents are 20% below market with clear mark-to-market upside
- Functional suite sizes and configurations to align with submarket tenant demand
- Value-add opportunity through lease-up and renewal resets with no fixed rate renewal options
- Building is in excellent physical condition including a new roof in 2020 with a 20 year warranty
Executive Summary
With in-place rents approximately 20% below market, staggered lease expirations over the next seven years, and renewal options structured at fair market value, the asset offers a gradual, low-risk mark-to-market runway over the next leasing cycle.
The suite mix (mostly 4,000 SF units, plus two around 9,000 SF and one at 12,000 SF) hits the demand sweet spot, while still maintaining a manageable number of tenants. The building offers both dock-high and drive-in loading, a key differentiator that attracts and retains tenants at premium rents.
The Fenton submarket maintains the lowest vacancy in the St. Louis market, with no new competitive small-bay construction underway, and is projected to experience sustained rent growth over the foreseeable future. The property has been managed to institutional standards and is in excellent physical condition, including a new TPO roof installed in 2020.
Data Room Click Here to Access
Property Facts
| Sale Type | Investment | Year Built | 1978 |
| Property Type | Industrial | Parking Ratio | 2.44/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 16’ |
| Building Class | C | No. Dock-High Doors/Loading | 9 |
| Lot Size | 4.40 AC | No. Drive In / Grade-Level Doors | 3 |
| Rentable Building Area | 51,277 SF | Cross Streets | Wolfner Dr |
| No. Stories | 1 | ||
| Zoning | IP-1 - Industrial Park | ||
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 4.40 AC |
| Rentable Building Area | 51,277 SF |
| No. Stories | 1 |
| Year Built | 1978 |
| Parking Ratio | 2.44/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Dock-High Doors/Loading | 9 |
| No. Drive In / Grade-Level Doors | 3 |
| Cross Streets | Wolfner Dr |
| Zoning | IP-1 - Industrial Park |
Amenities
- Signage
Utilities
- Lighting - Fluorescent
- Heating - Gas
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Leach Painting Company
- Construction
- -
- -
-
Lorem Ipsum
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Jan 0000
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Leach Painting Company | Construction | - | - | Lorem Ipsum | Jan 0000 | |
|
Wholesaler | - | - | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 80% Office & 20% Warehouse - 1 Dock-high Loading Door - 33’ x 30’ Column Spacing - 18’ Clear Ceiling Height - Immediate Access to Interstates 44 & 270 - Great Fenton Location
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 1609 | 4,262 SF | Industrial | Full Build-Out | 60 Days |
1st Fl - 1609
| Size |
| 4,262 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
1st Fl - 1609
| Size | 4,262 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | 60 Days |
- 80% Office & 20% Warehouse - 1 Dock-high Loading Door - 33’ x 30’ Column Spacing - 18’ Clear Ceiling Height - Immediate Access to Interstates 44 & 270 - Great Fenton Location
Property Taxes
| Parcel Number | 27O-61-0510 | Improvements Assessment | $1,463,010 |
| Land Assessment | $500,700 | Total Assessment | $1,963,710 |
Property Taxes
Presented by
1601-1617 Manufacturers Dr
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