4900 Daggett Ave St St. Louis, MO 63110

This exceptional Class A, 50,000 square foot executive office building, located at 4900 Daggett Ave in St. Louis, Missouri's desirable "The Hill" neighborhood, presents a compelling investment opportunity. The property boasts a newly completed (2023) total gut renovation, resulting in a stunning, modern workspace. Currently occupied at 100% capacity by Brown and Crouppen, Attorneys at Law, under a 10-year Net Lease (NNN) agreement commencing October 1, 2023, and expiring September 30, 2033, with a remaining term of 8.9 years. The lease includes annual rent bumps of $20,000, providing consistent income growth. The building features two stories on a 2.09-acre lot and achieved a "Most Enhanced" award from the Landmarks Association of St. Louis in 2024. The asking price is $18,000,000, representing a compelling $360 per square foot and a 6.78% cap rate based on a Net Operating Income (NOI) of $1,220,000. The lease includes one 5-year renewal option, further securing long-term value. This investment offers a passive income stream with a strong tenant and significant upside potential due to the prime location and recent renovations. The property benefits from a substantial tenant investment in the renovation and is situated in an amenity-rich historic neighborhood.