$1,650,000
$2,099,000
21.4%For more information regarding the value of a property, please contact us for a free consultation.
4132 Shoreline DR Earth City, MO 63045
33,160 SqFt
Key Details
Sold Price $1,650,000
Property Type Commercial
Sub Type Commercial & Indr.
Listing Status Sold
Purchase Type For Sale
Square Footage 33,160 sqft
Price per Sqft $49
Subdivision Earth City 2 Lt 4748 Amd Lt
MLS Listing ID MAR18046312
Sold Date 08/09/21
Year Built 1985
Annual Tax Amount $40,073
Lot Size 2.967 Acres
Acres 2.967
Property Sub-Type Commercial & Indr.
Property Description
4132 Shoreline Drive is a 100% Occupied, Stabilized Investment Opportunity. This Multi-Tenant Office/Warehouse Property is Offered at an 8% Cap Rate. The Sale includes a 2.97 Acre Parcel with a 33,160 S.F. Building, Built in 1985. Zoned "M3" Planned Industrial District, this Property has a Quality Tenant Mix with a healthy combination of National, International and Local Tenants. Current Leases are in "Modified Gross" format with varying amounts of remaining lease term.
The Subject Property is located in a quiet office/warehouse corridor, 1/2 Mile from Earth City Expressway/MO-141, where Lakefront Drive becomes Shoreline Drive. This property benefits from convenient access to I-70, I-270, and MO-141.
Full Offering Memorandum available.
Location
State MO
County St Louis
Area Hazelwood West
Zoning M3
Interior
Heating Individual Unit, Forced Air
Cooling Gas
Fireplace N
Exterior
Utilities Available Cable Available, Electricity Available, Gas to Site, Water Available, Sewer Available
View Y/N No
Roof Type Flat
Building
Sewer Public Sewer
Water Public
Structure Type Conventional
Others
Special Listing Condition None
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