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3 Industrial Ln 11,950 SF Industrial Building Florissant, MO 63031 $1,361,022 CAD ($113.89 CAD/SF) 7.97% Cap Rate

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EXECUTIVE SUMMARY

2022 –
New Roof Coating on Metal Roof
New Sprinkler System
New Offices (1000+/-Sq.Ft) including kitchenette and 2 bathrooms, 1 with shower

2024-
Leased
Avg. Rent @ $7.16 psf NNN
Personal Guarantee executed
Expiration June 1st 2029
Final year lease rate is at $7.43 psf NNN
2-3 year options w/ 90 day notice at “Fair Market Value”

Tenant improvements include addition of 3 phase electricity, elec. Box and distribution, LED lighting

PROPERTY FACTS

Price $1,361,022 CAD
Price Per SF $113.89 CAD
Sale Type Investment NNN
Cap Rate 7.97%
Sale Condition 1031 Exchange
Property Type Industrial
Property Subtype
Warehouse
  • Flex Light Manufacturing
  • Industrial Manufacturing
Building Class C
Lot Size 1.06 AC
Rentable Building Area 11,950 SF
No. Stories 1
Year Built 1967
Tenancy Single
Parking Ratio 0.84/1,000 SF
Clear Ceiling Height 22’
No. Drive In / Grade-Level Doors 3
Zoning M2

UTILITIES

  • Lighting
  • Water
  • Sewer

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
08K-22-0084
Land Assessment
$79,058 CAD
Improvements Assessment
$182,329 CAD
Total Assessment
$261,388 CAD
  • Listing ID: 36078208

  • Date on Market: 2025-06-02

  • Last Updated:

  • Address: 3 Industrial Ln, Florissant, MO 63031

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