522 E Osage St Pacific, MO 63069
37,106 SF neighborhood center, 94% occupied, renovated in 2022.
Type:Retail
Property size:
37,106 SFPrice / SF:
$62/SF- Added:
- Jun 18, 2024
- Days on Market:
- 681
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 522 E Osage St
General Information
- Standard status
- Active
- Size
- 37,106 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1964
Listing agent Alec Coronado License #2020018510
Listing office Marcus & Millichap - St. Louis
Listing date Jun 18, 2024
Source Crexi
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 Marcus & Millichap - St. Louis
Overview
Pacific Plaza Neighborhood Center Opportunity
Pacific Plaza is a 37,106 square foot neighborhood center comprised of 13 bays and is 94% occupied. Located on E Osage Street, the main thoroughfare running through Pacific, Missouri, the center features a mix of national and local tenants with a combination of NNN and gross leases. The building was renovated in 2022 with a new parking lot, repaired roof, replaced HVAC units, updated LED lights, and new electrical panels and awning. The property presents an opportunity to add value by leasing the remaining 2,195 square feet of vacancy. Investors could also increase existing tenant's rents to market rates and incorporate taxes, insurance, and CAM charges into the leases at renewal. The property is located within 10 miles of 83,9127 residents. Pacific, Missouri has experienced steady population growth and is about 35 miles from St. Louis City.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Vero Fitness
Gym & Fitness Center
Location Insight
- Map
- Local Demand
- City
- Pacific
- County
- Franklin
- State
- Missouri
- Longitude
- -90.734883
- Latitude
- 38.4835598
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - 37,106 SF neighborhood center, 94% occupied, renovated in 2022.
Where is this shopping center located?
The property is located at 522 E Osage St Pacific, MO.
What is the asking price?
The asking price for this property is $2,334,421.
What are key features of this property?
This property features: 9.50% CAP Rate; **94% Occupancy Rate** in a 37,106 SF Neighborhood Center; Located on the main thoroughfare (E Osage St.) in a growing St. Louis suburb (Pacific, MO)
