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11520 Saint Charles Rock RD Bridgeton, MO 63044
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Key Details
Sold Price $1,750,000
Property Type Commercial
Sub Type Commercial & Indr.
Listing Status Sold
Purchase Type For Sale
Square Footage 36,570 sqft
Price per Sqft $47
Subdivision Quisinberry Estate
MLS Listing ID 22031999
Sold Date 05/31/23
Construction Status 47
Year Built 1976
Building Age 47
Lot Size 2.220 Acres
Acres 2.22
Lot Dimensions 0277 / 0277 - 0344 / 0353
Property Description
SELLER FINANCING AVAILABLE!
The Northwest Executive Centre is just off of Highway I-70 & St. Charles Rock Rd which provides great exposure and ease of access for tenants. The investment is priced at a 11.11% pro forma cap rate providing huge upside for investors.
The Northwest Executive Centre (NWEC) in Bridgeton is a 36,570 SF office building, consisting of twenty-four office suites situated on 2.2 acres. Due to the large size of the site, there is potential to add an additional building which will substantially increase the value of the property. The NWEC building has a membrane roof that was installed within the last 10 years, along with the parking lot that was re-paved around the same time period.
There are multiple value add opportunities with this property. The majority of the leases are leased at below market rates. Investors can raise lease rates over time as new tenants sign or old tenants renew.
Location
State MO
County St Louis
Area North
Zoning B-3
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Exterior
Utilities Available Electricity Available, Gas to Site, Water Available, Sewer Available
Roof Type Flat
Parking Type Parking Lot, Asphalt
Building
Sewer Public Sewer
Water Public
Structure Type Other
Construction Status 47
Others
Acceptable Financing Cash Only, Conventional, Exchange
Listing Terms Cash Only, Conventional, Exchange
Special Listing Condition None
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Bought with Tyler Alms
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