2820 Market St - Warehouse FOR SALE


Saint Louis, MO 63103- Midtown St Louis
$1,723,048 USD
317-432-0943
2820 Market St, Saint Louis, MO for Sale
$1,723,048 USD
Warehouse - FOR SALE
1/9
null | 5.25% Cap Rate

2820 Market St
Saint Louis, MO 63103
Midtown St Louis


HIGHLIGHTS

  • Rare Single Tenant Industrial Building | Stable Short Term Income + Significant Near Term Value-Add Opportunity
  • Solid Underlying Industrial Real Estate Fundamentals & Trade Area Location
  • Location Within Thriving “Downtown” St. Louis Submarket – Low Vacancy Rate | Ideal Property Size

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,723,048 USD

PRICE/SF

$63 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

UTILITIES

-

CLEAR CEILING HT

14 Ft

DOCKS

2

DRIVE INS

1

PARKING SPACES

44

LAND DETAILS

LAND ACRES

1.47

LAND SF

64,033

ZONING

J

APN/PARCEL ID

1720-00-0040-0

ASK ABOUT THIS PROPERTY

Kevin FoleyCBREMore Info
317-432-0943

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Kevin FoleyCBREMore Info
317-432-0943

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.