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737A-775 N Us Highway 67
Florissant, MO 63031
Florissant Plaza · Retail Property For Sale
Executive Summary
CBRE, Inc. is pleased to exclusively offer for sale the fee simple interest in Florissant Plaza, a 38,240 square foot neighborhood center (the “Offering”). Built in 1964-1987 and renovated in 2014, Florissant Plaza is situated on 3.65 acres in St Louis, Missouri (Top 23 MSA | Pop: 2.8 million). Currently 100% occupied, the Offering provides an incoming investor with a well-positioned asset with tenured tenancy in a high-traffic corridor.
Florissant Plaza is located in Florissant, which is a northern suburb within St. Louis, MO. It is strategically positioned on N. Lindbergh Boulevard (Hwy. 67), which is recognized as the primary retail thoroughfare within the trade area. The trade area includes nearly 3.5 million square feet of retail development measured by centers in excess of 25,000 square feet with a current occupancy of 94%. Additionally, the trade area is recognized for having high residential density with a population of 96,210 and 38,928 households within a 3-mile radius.
Florissant Plaza is located in Florissant, which is a northern suburb within St. Louis, MO. It is strategically positioned on N. Lindbergh Boulevard (Hwy. 67), which is recognized as the primary retail thoroughfare within the trade area. The trade area includes nearly 3.5 million square feet of retail development measured by centers in excess of 25,000 square feet with a current occupancy of 94%. Additionally, the trade area is recognized for having high residential density with a population of 96,210 and 38,928 households within a 3-mile radius.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
38,895 SF
Building Class
B
Year Built/Renovated
1964/2014
Price
$6,185,400 CAD
Price Per SF
$159.03 CAD
Cap Rate
8.50%
NOI
$525,759 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
4.00 AC
Zoning
C
Parking
291 Spaces (7.68 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 07K-32-0798 | Improvements Assessment | $839,637 CAD |
| Land Assessment | $456,705 CAD | Total Assessment | $1,296,341 CAD |
Property Taxes
Parcel Number
07K-32-0798
Land Assessment
$456,705 CAD
Improvements Assessment
$839,637 CAD
Total Assessment
$1,296,341 CAD
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