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Sunset Place 3870 S Lindbergh Blvd 38,585 SF 100% Leased Office Building Saint Louis, MO 63127 $7,300,662 CAD ($189.21 CAD/SF) 9% Cap Rate



INVESTMENT HIGHLIGHTS
- 7.2 YEARS OF WALT WITH WELL CAPITALIZED & ENTRENCHED TENANTS
- ACCESS ORIENTED LOCATION NEAR WALKABLE AMENITIES
- COMMITTED ANCHOR TENANT THAT RECENTLY RENEWED FOR 10 YEARS
EXECUTIVE SUMMARY
The subject property contains approximately 38,585 SF of Class A office space located in the amenity rich Sunset Hill’s neighborhood. Built in 2005, the building boasts 2 floors of Class A office space situated in a four-building complex collectively known as Sunset Place. The building is located on Lindbergh Blvd. near the intersection of Interstates 44 and 270, two of St. Louis’s most heavily trafficked thoroughfares. Tenants have walking access to numerous amenities including restaurants, retail centers, banks, and more.
The building is 100% occupied by five tenants with a collective WALT of 7.2 years. The anchor tenant is the Mississippi Lime Company, who occupies 65% of NRA and just signed a ten-year extension & expansion through 2034. All five tenants are headquartered in the St. Louis metro. The tenant’s deep roots in St. Louis indicate long term commitment to both the region and the asset. This offering presents qualified buyers with an opportunity to purchase a Class A building with stable cash flows and committed tenants.
PROPERTY FACTS
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Manufacturing
- -
- -
-
Jan 0000
Our Company has its origins as the Mississippi Sand Company in Alton, Illinois. Harry B. Mathews, Jr. founded Mississippi Lime in 1907. By 1912 the company had grown into both an aggregates and lime business. Looking to expand his lime base, the Company purchased its first property in Ste. Genevieve County, Missouri in the 1920’s, opening a limestone quarry and building four vertical kilns. By the end of the decade, seven more vertical kilns were built. 1930-40s During the 1930’s and 1940’s, Mississippi Lime Company expanded further by acquiring Western Lime Company and the Peerless & Ste. Genevieve Lime Company. Mississippi Lime also began expanding its own operation by constructing rotary kilns. 1950s
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
Manufacturing | - | - | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 26M-51-0082 | Improvements Assessment | $1,535,140 CAD |
| Land Assessment | $578,047 CAD | Total Assessment | $2,113,186 CAD |
PROPERTY TAXES
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Sunset Place | 3870 S Lindbergh Blvd
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