Divisible Office/Flex
707 Spirit 40 Park Drive Chesterfield, MO 63005
707 Spirit 40 Park Drive, Chesterfield, MO, 63005
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For Sale
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Office/flex building with six divisible suites and updated interiors, supported by 280 dedicated parking spaces.
Property Size35,916 SF
Price / SF$150
Days on Market37
Property Features for 707 Spirit 40 Park Drive
General Information
- Standard status
- Active
- Size
- 35,916 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1998
Listing agency
Manor Real Estate
(314) 647-6611
Listed by
Ben Cherry, CCIM · License #MO 2006018085
Source
Crexi
Added: Jun 16 Updated: Jul 21 at 5:36PM Checked: Jul 21 at 5:36PM
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 Manor Real Estate
Investment Insights
Based on property information with market context.
707 Spirit 40 Park Drive is a 35,916-square-foot office/flex building designed for either owner-users or investors seeking multi-suite occupancy. The floor plan is divisible into six suites, with suite sizes ranging from approximately 2,400 to 13,100 square feet, supporting flexible configurations for a single tenant or multiple tenants. Interior finishes are described as modern and updated throughout.
The property includes 280 dedicated parking spaces. Prominent building signage is available on Chesterfield Airport Road, and the site is immediately adjacent to the $130M Gateway Studios development. The remarks also note direct access to I-64 and proximity to Chesterfield Commons and St. Louis Premium Outlets.
For acquisition or occupancy, the listing provides deal flexibility, including a lease option at $22.00/SF full-service gross (per the offering terms) for qualified parties.
The property includes 280 dedicated parking spaces. Prominent building signage is available on Chesterfield Airport Road, and the site is immediately adjacent to the $130M Gateway Studios development. The remarks also note direct access to I-64 and proximity to Chesterfield Commons and St. Louis Premium Outlets.
For acquisition or occupancy, the listing provides deal flexibility, including a lease option at $22.00/SF full-service gross (per the offering terms) for qualified parties.
Key Highlights
- 35,916 SF office/flex building built in 1998 in the Chesterfield Valley submarket of west St. Louis County
- Divisible floor plan with 6 suites ranging from approximately 2,400 to 13,100 SF for single or multiple tenants
- 280 dedicated parking spaces, a 4.26 per 1,000 SF parking ratio
Local 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 | $801.6k | $22.32 |
| − Vacancy | −$217.2k | −$6.05 |
| EGI | $584.4k | $16.27 |
| − OpEx | −$146.1k | −$4.07 |
| NOI | $438.3k | $12.20 |
35,916 SF · lease $22.32/SF/yr · vacancy 27.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.26M
$5.48M – $7.30M
NOI $438,299 @ 7.0% cap · market cap 8.14%
Second Best
Industrial
$2.03M
$1.78M – $2.37M
NOI $142,378 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$7.71M
$6.74M – $8.99M
NOI $539,574 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Office/flex building with six divisible suites and updated interiors, supported by 280 dedicated parking spaces.
Where is this flex space located?
The property is located at 707 Spirit 40 Park Drive Chesterfield, MO.
What is the asking price?
The asking price for this property is $5,387,400.
What are key features of this property?
This property features: 35,916 SF office/flex building built in 1998 in the Chesterfield Valley submarket of west St. Louis County; Divisible floor plan with 6 suites ranging from approximately 2,400 to 13,100 SF for single or multiple tenants; 280 dedicated parking spaces, a 4.26 per 1,000 SF parking ratio
