Colliers is pleased to exclusively offer 1601-1617 Manufacturers Drive to qualified investors. This offering represents a rare opportunity to acquire one of the highest qualitysmall-bay industrial assets in the Fenton Industrial Park, St. Louis’ premier flex submarket. Multi-tenant small-bay industrial remains the most in-demand product type in the Fenton submarket.
With in-place rents approximately 20% below market, staggered lease expirations over the next seven years, and renewal options structured at fair market value, the asset offers a gradual, low-risk mark-to-market runway over the next leasing cycle.
The suite mix (mostly 4,000 SF units, plus two around 9,000 SF and one at 12,000 SF) hits the demand sweet spot, while still maintaining a manageable number of tenants. The building offers both dock-high and drive-in loading, a key differentiator that attracts and retains tenants at premium rents.
The Fenton submarket maintains the lowest vacancy in the St. Louis market, with no new competitive small-bay construction underway, and is projected to experience sustained rent growth over the foreseeable future. The property has been managed to institutional standards and is in excellent physical condition, including a new TPO roof installed in 2020.