Industrial Sale-Leaseback
For Sale
Contact for pricing
3333 FOERSTER RD, Bridgeton, MO 63044
63,100-square-foot industrial building on a 9.5-acre site with a new 15-year absolute NNN lease in place at closing.
Property Size63,100 SF
Lot Size9.50 Acres
Price / SF$132.46
Days on Market58
Property Features for 3333 FOERSTER RD
General Information
Standard status
Active
Size
63,100 SF
Lot size
9.50 Acres
Property subtype
Industrial
Building Details
Year Built
1999
Listing Agency:
Kwekel Companies
Listed By:
Megan Snyder · License #MI
Source:
Crexi
Added: Jun 10
Changed: Jul 10
Last Checked: Jul 24 at 7:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kwekel Companies
Investment Insights
Based on property information with market context.
This offering features a 63,100-square-foot industrial building situated on a 9.5-acre site. The property is being marketed as a sale-leaseback, with Universe Corporation executing a new 15-year absolute NNN lease at closing.
The building is located near St. Louis, Missouri, at 3333 Foerster Rd in Bridgeton. The transaction structure is designed for an investor seeking a long-term, net lease arrangement tied to an operating tenant under an absolute NNN framework.
For buyers, this sale-leaseback provides the opportunity to acquire a completed industrial asset while having a new lease in place at closing. For tenant users, the transaction supports continuity of occupancy under the stated new 15-year absolute NNN lease term with Universe Corporation remaining in place as the executing tenant at closing.
The building is located near St. Louis, Missouri, at 3333 Foerster Rd in Bridgeton. The transaction structure is designed for an investor seeking a long-term, net lease arrangement tied to an operating tenant under an absolute NNN framework.
For buyers, this sale-leaseback provides the opportunity to acquire a completed industrial asset while having a new lease in place at closing. For tenant users, the transaction supports continuity of occupancy under the stated new 15-year absolute NNN lease term with Universe Corporation remaining in place as the executing tenant at closing.
Key Highlights
- 63,100‑square‑foot industrial building built in 1999
- 9.5‑acre site near St. Louis, MO
- New 15‑year absolute NNN lease to Universe Corporation will be executed at closing
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$303,743
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,074,860
$6.1M
Cap Rate 7%
$4,339,186
$4.3M
Cap Rate 9%
$3,374,922
$3.4M
Market Conditions
NOI Build-Up for 63,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$374.2K $5.93/SF
− Vacancy
−$16.8K −$0.27/SF
EGI
$357.3K $5.66/SF
− OpEx
−$53.6K −$0.85/SF
NOI
$303.7K $4.81/SF
Area
St. Louis County, MO
Vacancy
4.50%
Lease Rate
$5.93 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,074,860
Cap Rate 7%
$4,339,186
Cap Rate 9%
$3,374,922
Alternative Uses
Best Use
Warehouse
$4.34M
$3.80M – $5.06M
NOI $303,743 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.54M
$11.85M – $15.80M
NOI $947,966 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63044, MO
10,587
Population
4,634
Households
2.3
Avg Household Size
43
Median Age
37%
College-Educated
90%
High-School Grad
16.7 sq mi
ZIP Area
634
Density / Sq Mi
$76,094
Median Household Income
$45,822
Median Earnings
$1,093
Median Rent
$232,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 63,100-square-foot industrial building on a 9.5-acre site with a new 15-year absolute NNN lease in place at closing.
Where is this warehouse located?
The property is located at 3333 FOERSTER RD Bridgeton, MO.
What is the asking price?
The asking price for this property is $8,358,000.
What are key features of this property?
This property features: 63,100‑square‑foot industrial building built in 1999; 9.5‑acre site near St. Louis, MO; New 15‑year absolute NNN lease to Universe Corporation will be executed at closing
