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400 Shenandoah Ave 67,000 SF Industrial Building Saint Louis, MO 63104 $4,400,000 ($65.67/SF) 7.25% Cap Rate
Executive Summary
This investment features a long-term, national tenant at below market rates in a highly-functional building in a great St. Louis City location. It is very rare to find buildings with 24’ clear heights in St. Louis City, as many buildings in this submarket feature lower ceilings with older construction. Vacancy in this area has historically been extremely low, resulting in consistently high demand for this product. Lease rates that are at least $1- $1.50 psf below market further contribute to the attractiveness of this investment.
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- Offering Memorandum
Property Facts
| Price | $4,400,000 | Lot Size | 2.03 AC |
| Price Per SF | $65.67 | Rentable Building Area | 67,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.25% | Year Built | 1970 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Clear Ceiling Height | 24’ |
| Building Class | C | No. Dock-High Doors/Loading | 14 |
| Zoning | KJ | ||
| Price | $4,400,000 |
| Price Per SF | $65.67 |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.03 AC |
| Rentable Building Area | 67,000 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Tenancy | Single |
| Clear Ceiling Height | 24’ |
| No. Dock-High Doors/Loading | 14 |
| Zoning | KJ |
1 1
Walk Score®
Very Walkable (84)
Property Taxes
| Parcel Number | 6499-00-0010-0 | Improvements Assessment | $324,100 |
| Land Assessment | $99,700 | Total Assessment | $423,800 |
Property Taxes
Parcel Number
6499-00-0010-0
Land Assessment
$99,700
Improvements Assessment
$324,100
Total Assessment
$423,800
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400 Shenandoah Ave
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