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400 Shenandoah Ave 67,000 SF Industrial Building Saint Louis, MO 63104 $6,116,000 CAD ($91.28 CAD/SF) 7.25% Cap Rate
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.
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- Offering Memorandum
Property Facts
| Price | $6,116,000 CAD | Lot Size | 2.03 AC |
| Price Per SF | $91.28 CAD | Rentable Building Area | 67,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.25% | Year Built | 1970 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Clear Ceiling Height | 24’ |
| Building Class | C | No. Dock-High Doors/Loading | 14 |
| Zoning | KJ | ||
| Price | $6,116,000 CAD |
| Price Per SF | $91.28 CAD |
| 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 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 6499-00-0010-0 | Improvements Assessment | $447,485 CAD |
| Land Assessment | $137,656 CAD | Total Assessment | $585,141 CAD |
Property Taxes
Parcel Number
6499-00-0010-0
Land Assessment
$137,656 CAD
Improvements Assessment
$447,485 CAD
Total Assessment
$585,141 CAD
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400 Shenandoah Ave
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