Rare Single Tenant Industrial Building | Stable Short Term Income + Significant Near Term Value-Add Opportunity
— The subject opportunity presents a rare blend of stable short term income and substantial near term value-add upside potential.
— Global supply chains solutions giant WESCO (NYSE: WCC) is a Fortune 500 / $21.82 B B annual revenue company. The corporate lease still has ±4.33 years remaining (as of 12/1/25) which represents a highly-secured income stream for the duration of the lease.
— After consolidating to other facilities in 2024 due to M&A, WESCO was able to quickly procure a subtenant to take the space – a testament to the demand for sub 100,000 SF single tenant facilities in the supply constrained Downtown submarket.
— WESCO’s rental rate is currently 45% below market, growing to 49% at lease expiration in 2030. The lease features 2% annual increases for the duration of the term.
Solid Underlying Industrial Real Estate Fundamentals & Trade Area Location
— The property possesses proximity to key interstates, airports, and populations centers, including St. Louis International Airport and Downtown St. Louis.
— The building’s immediate proximity to I-64 via the Jefferson Ave on/ off ramp (±0.4 miles) provides the property with convenient access to an extensive Interstate network (I-55, I-44, I-70, I-170, etc.) which connects it to the greater Midwest region.
— In addition to its centralized location, the property possesses several strong underlying industrial real estate fundamentals including: Three (3) Dock High Roll Up Doors; 14’ warehouse clear height; ±6,000 SF Secured / fenced outdoor storage area; 800 amps, 120/208 volt, three phase power; Wet pipe sprinkler system; Ample parking field with 27 stalls; Monument Signage.
Location Within Thriving “Downtown” St. Louis Submarket – Low Vacancy Rate | Ideal Property Size
— As of Q2 2025, the Downtown submarket boasted one of the lowest Industrial vacancy rates of the eleven total submarkets in Greater St. Louis at a rate of only 3.9%.
— In addition, as of Q2 2025, there were ZERO (0) square feet under construction in the Downtown submarket.