Office/Warehouse Building with BASF
3585 Tree Court Industrial Blvd St Louis, MO
3585 Tree Court Industrial Blvd St, Louis, MO, 00000
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For Sale
Contact for pricing
23,500 SF office/warehouse leased to BASF Corporation.
Property Size23,500 SF
Lot Size1.24 Acres
Price / SF$82.98
Days on Market1297
Property Features for 3585 Tree Court Industrial Blvd St
General Information
- Standard status
- Active
- Size
- 23,500 SF
- Lot size
- 1.24 Acres
- Property subtype
- INDUSTRIAL
Listing Agency
NAI DESCO
(314) 994-4444
Listed by
John J Sheahan, Jr. · License #2014041384
Source
Moodyscre
Added: Dec 27, 2022 Checked: Jul 16 at 3:04 am
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
Investment Insights
Based on property information with market context.
This 23,500 square foot office/warehouse building, constructed in 1969, is situated on a 1.24-acre lot. The building features approximately 11% office finish and a clear ceiling height of 16 to 17 feet. It is equipped with five docks and one drive-in door. The property is fully climate controlled and sprinklered, and has been well-maintained with recent improvements. Currently, the property is leased to BASF Corporation.
Key Highlights
- Leased to BASF Corporation
- 23,500 sf office/warehouse building
- Fully climate controlled and sprinklered
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $139.4k | $5.93 |
| − Vacancy | −$6.3k | −$0.27 |
| EGI | $133.1k | $5.66 |
| − OpEx | −$20.0k | −$0.85 |
| NOI | $113.1k | $4.81 |
23,500 SF · lease $5.93/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.62M
$1.41M – $1.89M
NOI $113,121 @ 7.0% cap · market cap 5.80%
Second Best
Industrial
$1.33M
$1.16M – $1.55M
NOI $93,159 @ 7.0% cap · market cap 4.78%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Guardian Relocation - Atlas Van Lines — 2223 Hitzert Ct, Fenton, MO 63026
FAQs
What type of property is this?
Warehouse - 23,500 SF office/warehouse leased to BASF Corporation.
Where is this warehouse located?
The property is located at 3585 Tree Court Industrial Blvd St 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 Corporation; 23,500 sf office/warehouse building; **Fully climate controlled and sprinklered**
