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7700-7750 Clayton Rd Richmond Heights, MO

For Sale
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Office building in Richmond Heights, Missouri, with value-add opportunity.

Property size:
58,249 SF
Lot size:
1.41 Acres

Property Features for 7700-7750 Clayton Rd

General Information

Size
58,249 SF
Lot size
1.41 Acres

Source: Intelica CRE Agent Joel Meyer, SIOR

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Richmond Heights Office Building For Sale

This office building in Richmond Heights, Missouri, presents a value-add opportunity. The property benefits from a low Class A vacancy rate of 3.8% and accounts for 25% of total lease transactions in the St. Louis MSA. The area has experienced positive absorption of 412,000 square feet in 2019 and maintains steady investment activity, with over $1.5 billion in new construction recently completed or underway. The property is currently 96% leased at rental rates below market value. There is an opportunity to increase square footage on existing leases by implementing BOMA’s most recent measurement standards. The location is a preferred investment area for institutional capital in the St. Louis MSA, with limited land available for new office construction. The property encompasses 58,249 square feet.
Location Intelligence

Current Use by Public Records

Office buildings

Map

City
Richmond Heights
County
St. Louis
State
Missouri
Longitude
-90.331
Latitude
38.6307

FAQs

What type of property is this?
Office building - Office building in Richmond Heights, Missouri, with value-add opportunity.
Where is this office building located?
The property is located at 7700-7750 Clayton Rd Richmond Heights, MO.
What are key features of this property?
This property features: - Preferred location for institutional capital investment in St. Louis MSA.; - Currently 96% leased at below-market rental rates.; - Opportunity to increase square footage on existing leases by implementing BOMA standards.
More about this property
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