Office/Warehouse
616 Trade Center Blvd Chesterfield, MO 63005
For Sale
$2,350,000
Office/warehouse condo with a new roof (2019) and 100% lease coverage through July 31.
Property Size12,255 SF
Price / SF$191.76
Days on Market29
Property Features for 616 Trade Center Blvd
General Information
- Standard status
- Active
- Size
- 12,255 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2001
Listing Agency:
Revel Commercial Real Estate
(314) 477-6885
Listed By:
Brian Kelley · License #MO 2004034792
Source:
Revelcre
Added: Jun 25
Changed: Jul 23
Last Checked: Jul 23 at 7:50AM
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 Revel Commercial Real Estate
Investment Insights
Based on property information with market context.
This office/warehouse condo totals 12,255 SF and is currently 100% leased through July 31. The sale is positioned as an investment opportunity, with a lease term that runs through 2034 and includes additional annual rent increases. The property received a new roof in 2019, and the tenant is responsible for all HVAC.
Located in Chesterfield Valley with easy access to I-64, the asset offers straightforward access for day-to-day operations. Public remarks indicate an Annual NOI of $187,790.
For buyers seeking leased commercial space in an office/warehouse configuration, this condo provides one leased unit with ongoing contract terms through 2034 and rent escalations built into the lease structure.
Located in Chesterfield Valley with easy access to I-64, the asset offers straightforward access for day-to-day operations. Public remarks indicate an Annual NOI of $187,790.
For buyers seeking leased commercial space in an office/warehouse configuration, this condo provides one leased unit with ongoing contract terms through 2034 and rent escalations built into the lease structure.
Key Highlights
- 12,255 SF office/warehouse condo for sale, 100% leased through July 31
- 2034 lease includes additional annual rent increases
- Annual NOI of $187,790
Financial Insights For Office B
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 | $273.5k | $22.32 |
| − Vacancy | −$74.1k | −$6.05 |
| EGI | $199.4k | $16.27 |
| − OpEx | −$49.9k | −$4.07 |
| NOI | $149.6k | $12.20 |
12,255 SF · lease $22.32/SF/yr · vacancy 27.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.14M
$1.87M – $2.49M
NOI $149,553 @ 7.0% cap · market cap 6.36%
Second Best
Warehouse
$842.7K
$737.4K – $983.2K
NOI $58,992 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$2.63M
$2.30M – $3.07M
NOI $184,110 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Office/warehouse condo with a new roof (2019) and 100% lease coverage through July 31.
Where is this flex space located?
The property is located at 616 Trade Center Blvd Chesterfield, MO.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 12,255 SF office/warehouse condo for sale, 100% leased through July 31; 2034 lease includes additional annual rent increases; Annual NOI of $187,790
