950-970 Bolger Ct - Service FOR SALE


Fenton, MO 63026
$5,000,000 USD
314-422-3695
950-970 Bolger Ct, Fenton, MO for Sale
$5,000,000 USD
Service - FOR SALE
1/19
null | 4.66% Cap Rate

Oct '28


950-970 Bolger Ct
Fenton, MO 63026


OVERVIEW

Opportunity for an owner/user/investor to occupy the eastern suite of 20,689 SF at the end of the current lease (10/31/2028). Suite if 20,689 SF is currently leased, but tenant has no renewal option. That lease at $9.20 PSF MG is considered below market. Alternately, a pure investor could buy the subject poprerty and negotiate a much higher renewal rent, closer to 2028 market rents, boosting net income and building value. The eastern suite of 8,749 SF was renewed for five years through 6/30/2030 at a higher base rent $11.50 PSF NNN, with annual step rents. The 8,749 Sf tenant has a fimr renewal option through 6/30/2035 at set step rents starting at $13.00 PSF NNN. Both tenants are strong national credit tenants. Both suites are 65% to 75% high-quality office finish (Class A) with rera warehouses and docks and drive-in doors (high quality flex service center suites). New roof planned for 2025-2026. Recent interior updates. This is a rare opportunituy to purchase a 100% leaased service center building in the prime Fenton market, with excellent upside potential on rents, and the possibility of owner-occupancy on about 20,000 SF.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$170 USD /SF

CAP RATE

4.66%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

17 Ft

DOCKS

4

DRIVE INS

1

PARKING SPACES

45

LAND DETAILS

LAND ACRES

2.1

LAND SF

91,476

ZONING

BP3

APN/PARCEL ID

26O-12-0382

ASK ABOUT THIS PROPERTY

Jeff JohnsonJohnson Commercial Real EstateMore Info
314-422-3695

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Jeff JohnsonJohnson Commercial Real EstateMore Info
314-422-3695

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