3870 S Lindbergh Blvd - Office FOR SALE


Saint Louis, MO 63127
$5,230,000 USD
314-801-6870
3870 S Lindbergh Blvd, Saint Louis, MO for Sale
$5,230,000 USD
Office - FOR SALE
1/6
null | 9% Cap Rate

3870 S Lindbergh Blvd
Saint Louis, MO 63127


HIGHLIGHTS

  • 7.2 YEARS OF WALT WITH WELL CAPITALIZED & ENTRENCHED TENANTS
  • COMMITTED ANCHOR TENANT THAT RECENTLY RENEWED FOR 10 YEARS
  • ACCESS ORIENTED LOCATION NEAR WALKABLE AMENITIES

OVERVIEW

Cushman & Wakefield, Inc. (“C&W”) has been retained by Ownership as exclusive agent & advisor to offer for sale to qualified investors the 100% fee simple interest in Sunset Place (The Property”), located at 3870 South Lindbergh Boulevard, Saint Louis, MO 63127. The subject property contains approximately 38,585 SF of Class A office space located in the amenity rich Sunset Hill’s neighborhood. Built in 2005, the building boasts 2 floors of Class A office space situated in a four-building complex collectively known as Sunset Place. The building is located on Lindbergh Blvd. near the intersection of Interstates 44 and 270, two of St. Louis’s most heavily trafficked thoroughfares. Tenants have walking access to numerous amenities including restaurants, retail centers, banks, and more. The building is 100% occupied by five tenants with a collective WALT of 7.2 years. The anchor tenant is the Mississippi Lime Company, who occupies 65% of NRA and just signed a ten-year extension & expansion through 2034. All five tenants are headquartered in the St. Louis metro. The tenant’s deep roots in St. Louis indicate long term commitment to both the region and the asset. This offering presents qualified buyers with an opportunity to purchase a Class A building with stable cash flows and committed tenants.

FOR SALE DETAILS

PRICE

$5,230,000 USD

PRICE/SF

$136 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunset Place

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.34 AC

LAND SF

145,490 SF

ZONING

101R-2

APN/PARCEL ID

26M-51-0082

ASK ABOUT THIS PROPERTY

Jack GentileCushman & WakefieldMore Info
314-801-6870

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Jack GentileCushman & WakefieldMore Info
314-801-6870

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