601-615 Olive St | Saint Louis, MO 63101
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- LoopNet Team
601-615 Olive St
Saint Louis, MO 63101
Office Property For Sale
INVESTMENT HIGHLIGHTS
- 601 Olive St offers an opportunity to acquire a nonperforming loan secured by a landmark asset in Downtown St. Louis.
- Multi-family/mixed-use redevelopment plans for an iconic building with civic and community support.
- Additional collateral, including a parking structure on a separate parcel to retain or potentially spin off.
- Conveniently located near major demand drivers with high walkability and multiple transit options.
- Redeveloping and growing multi-family submarket with a “Live, Work, and Play” environment.
- St. Louis previously approved tax abatements, including Tax Incremental Financing.
LOAN DETAILS
Loan Status
Lien Position
Outstanding Balance
Original Balance
Maturity Date
Original Term
Loan Status
Lien Position
Outstanding Balance
Original Balance
Maturity Date
Original Term
Remaining Term
Interest Rate
Rate Type
Non-Recourse
Cross-Collateralized
Maturity Default
First
$41,071,208
$15,550,000
5/23/2024
1 Months
Maturity Default
First
$41,071,208
$15,550,000
5/23/2024
1 Months
-20 Months
24.28%
Fixed
No
No
Remaining Term
Interest Rate
Rate Type
Non-Recourse
Cross-Collateralized
-20 Months
24.28%
Fixed
No
No
PROPERTY FACTS
| Sale Condition | Auction Sale | Rentable Building Area | 1,200,000 SF |
| Type of Ownership | Fee Simple | No. Stories | 21 |
| Property Type | Office | Year Built | 1913 |
| Building Class | B | Parking Ratio | 1.03/1,000 SF |
| Lot Size | 1.56 AC | APN / Parcel ID | 0128-00-0011-0 |
| Zoning | I - Industrial | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Office |
| Building Class | B |
| Lot Size | 1.56 AC |
| Rentable Building Area | 1,200,000 SF |
| No. Stories | 21 |
| Year Built | 1913 |
| Parking Ratio | 1.03/1,000 SF |
| APN / Parcel ID | 0128-00-0011-0 |
| Zoning | I - Industrial |
AMENITIES
- Bus Line
- Controlled Access
- Commuter Rail
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