9401 WATSON INDUSTRIAL PARK (ST. LOUIS, MO)

SALE LEASEBACK

9401 WATSON INDUSTRIAL PARK, ST. LOUIS, MO 63126
Price :
$ 1,350,000
Cap Rate :
11.11%
NOI :
$ 150,000
Lot Size :
2.36 acres
Year Built :
1960
Property Area :
40,000 sqft
Status :
AVAILABLE
MARKETING PACKAGE

By downloading the Marketing Package (“Offering Memorandum”) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

Investment Highlights

• 9401 Watson Industrial Park, a single-tenant industrial asset, gives investors the opportunity to acquire an income producing property in the South County Industrial submarket of Saint Louis.
• The South County Industrial submarket boasts low vacancy rates, with an average of 4.3%. The low vacancy in this submarket was a catalyst that increased rents by 3.2% year-to-date.
• As a result of the low vacancy in South County, industrial sales on a price per square foot basis have risen by 3.7%.
• Current ownership will sign a new five-year absolute net lease upon close of escrow.
• Saint Louis continues to be a desirable industrial market for investors. A recent report ranked Saint Louis as the tenth industrial market to watch in 2019.

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 9401 Watson Industrial Park in St. Louis, Missouri. The subject property consists of approximately 40,000 square feet of industrial-office space and is situated on approximately 2.36 acres of land. Built in 1960, the subject multi-tenant property provides investors the opportunity to acquire an income producing asset in the South County Industrial submarket of St. Louis. Current ownership will sign a new five-year absolute net lease upon close of escrow.

The South County Industrial submarket boasts low vacancy rates, with an average of 4.3 percent. The low vacancy in this submarket was a catalyst that increased rents by 3.2 percent year-to-date. As a result of the low vacancy in South County, industrial sales on a price per square foot basis have risen by 3.7 percent. Nearby Crestwood is home to high-tech companies, major manufacturing firms, and a top-rated residential market (cityofcrestwood.org). St. Louis is home to 16 Fortune 1,000 headquarters and 10 Fortune 500 Companies. The city has been named the “Ultimate Sports City” and is home to Busch Stadium, Enterprise Center, and The Dome at America’s Center. The St. Louis Art Museum and The Fabulous Fox Theatre are also area attractions.

The St. Louis metro is near the geographic center of the United States, within 500 miles of one-third of the U.S. population, and has more than 2.9 million residents. The metro encompasses the city of St. Louis; the Missouri counties of St. Charles, Jefferson, Franklin, St. Louis, Lincoln, Warren and Washington; and the Illinois counties of Madison, St. Clair, Macoupin, Clinton, Monroe, Jersey, Bond, and Calhoun. St. Louis is the most populous county with 1 million people. The city of St. Louis, which is located at the confluence of the Mississippi and Missouri rivers, is the only city in the metro with a population of more than 300,000 citizens. Saint Louis continues to be a desirable industrial market for investors. A recent report ranked Saint Louis as the tenth industrial market to watch in 2019.

BRAD BARHAM
Missouri Broker of Record
Downtown Chicago Office
Tel: 312-327-5400
Fax: 312-327-5410
Brad.Barham@marcusmillichap.com
License: MO 2013016939
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2019 Marcus & Millichap. All rights reserved. (Activity ID: ZAA0060212)

Exclusive Listing

Tyler Sharp
(312) 327-5446
Lic # TX : 177869
Adam Abushagur
(972) 755-5223
Lic # TX : 661916

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