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Property Overview

Price/Rent PSF Inquire
Asset Type Office
Trade Type Sale
SQ. FT. Available 58,249
Date Available 01/07/2021
Additional URL Link
Floors 3
Additional parameters Show
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Description

Location
Clayton Submarket | St. Louis, Missouri

Sale
TOP PERFORMING SUBMARKET


3.8% Class A vacancy


25% of total St. Louis MSA lease transactions


412,000 SF positive absorption for the year 2019


Maintains steady investment activity with over $1.5 Billion in new construction recently completed or underway



STABILIZED ASSET WITH UPSIDE POTENTIAL


Currently 96% leased at rental rates below market


Opportunity to increase square footage on existing leases by implementing BOMA’s most recent measurement standards



HIGH BARRIERS TO ENTRY


Limited land for new office construction


Preferred location in which to invest for institutional capital in St. Louis MSA

Location

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