Industrial Property in St.
For Sale
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3585 Tree Court Industrial Blvd, Saint Louis, MO 63122
Industrial property occupied by BASF, a multinational chemical company.
Property Size23,500 SF
Price / SF$82.98
Days on Market1395
Property Features for 3585 Tree Court Industrial Blvd
General Information
Standard status
Active
Size
23,500 SF
Property subtype
Office, Industrial
Building Details
Year Built
1969
Listing Agency:
NAI DESCO
Listed By:
Michelle Goodwin · License #IL
(314) 994-4944
Source:
Crexi
Added: Dec 28, 2022
Changed: Oct 15
Last Checked: Oct 23 at 6:27AM
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 NAI DESCO
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Investment Insights
Based on property information with market context.
Located at 3585 Tree Court Industrial Blvd in St. Louis, Missouri, this 23,500 square foot industrial property has been occupied by BASF since 2011. BASF is a German multinational chemical company and the largest chemical producer in the world. Founded in 1865, the BASF Group comprises subsidiaries and joint ventures in more than 80 countries. It operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas, and Africa. BASF has customers in over 190 countries and supplies products to a wide variety of industries. It is listed on the Frankfurt Exchange. In 2021, the company’s revenue was $78.6 billion euros or $78.3 billion US dollars.
Key Highlights
- Leased to BASF, the world's largest chemical producer.
- BASF has been a tenant at this location since 2011.
- BASF serves customers in over 190 countries and had approximately $78.3 billion in revenue in 2021.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,159
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,863,180
$1.9M
Cap Rate 7%
$1,330,843
$1.3M
Cap Rate 9%
$1,035,100
$1.0M
Market Conditions
NOI Build-Up for 23,500 SF
Gross rent
$139.4K $5.93/SF
− Vacancy
−$6.3K −$0.27/SF
EGI
$133.1K $5.66/SF
− OpEx
−$39.9K −$1.70/SF
NOI
$93.2K $3.96/SF
Area
St. Louis County, MO
Vacancy
4.50%
Lease Rate
$5.93 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,863,180
Cap Rate 7%
$1,330,843
Cap Rate 9%
$1,035,100
Alternative Uses
Best Use
Industrial
$1.33M
$1.16M – $1.55M
NOI $93,159 @ 7.0% cap · market cap 4.78%
Second Best
Flex RnD
$1.25M
$1.09M – $1.46M
NOI $87,526 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$5.04M
$4.41M – $5.88M
NOI $353,046 @ 7.0% cap · market cap 18.10%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 63122, MO
41,319
Population
17,763
Households
2.3
Avg Household Size
43
Median Age
70%
College-Educated
98%
High-School Grad
14.5 sq mi
ZIP Area
2,850
Density / Sq Mi
$132,783
Median Household Income
$73,050
Median Earnings
$1,329
Median Rent
$449,700
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial property occupied by BASF, a multinational chemical company.
Where is this flex space located?
The property is located at 3585 Tree Court Industrial Blvd Saint Louis, MO.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Leased to BASF, the world's largest chemical producer.; BASF has been a tenant at this location since 2011.; BASF serves customers in over 190 countries and had approximately $78.3 billion in revenue in 2021.
