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400 Shenandoah Ave
Saint Louis, MO 63104
Industrial Property For Sale
Executive Summary
This investment features a long-term, national tenant at below market rates in a highly-functional building in a great St. Louis City location. It is very rare to find buildings with 24’ clear heights in St. Louis City, as many buildings in this submarket feature lower ceilings with older construction. Vacancy in this area has historically been extremely low, resulting in consistently high demand for this product. Lease rates that are at least $1- $1.50 psf below market further contribute to the attractiveness of this investment.
Property Facts
| Sale Type | Investment | Rentable Building Area | 67,000 SF |
| Cap Rate | 7.25% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1970 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | C | Clear Ceiling Height | 24’ |
| Lot Size | 2.03 AC | No. Dock-High Doors/Loading | 14 |
| Zoning | KJ | ||
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.03 AC |
| Rentable Building Area | 67,000 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Tenancy | Single |
| Clear Ceiling Height | 24’ |
| No. Dock-High Doors/Loading | 14 |
| Zoning | KJ |
Property Taxes
| Parcel Number | 6499-00-0010-0 | Improvements Assessment | $439,512 CAD |
| Land Assessment | $135,203 CAD | Total Assessment | $574,715 CAD |
Property Taxes
Parcel Number
6499-00-0010-0
Land Assessment
$135,203 CAD
Improvements Assessment
$439,512 CAD
Total Assessment
$574,715 CAD
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