5200-5240 Oakland Ave St St. Louis, MO 63110
- Retail properties
- 10,252 SF
- 4.68 lot acres
Current Use by Public Records
- Retail properties
Property Details for 5200-5240 Oakland Ave St
- Lot size
- 4.68 lot acres
- Property size
- 10,252 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional St. Louis commercial property, the Paraquad Center, presents a compelling investment opportunity. Located at 5200-5240 Oakland Ave, St. Louis, MO 63110, this 4.68-acre site boasts 119,568 total square feet of space, currently housing seven tenants including Paraquad, Inc., Civil Design Engineers, Inc., Washington University, Modern Brewery, Ten by Three, St. Louis Behavioral Medicine Institute, and Therapeutic Specialties. The property features a mix of office, retail, and service center spaces, with one vacancy of 10,252 square feet available for lease. The asking price is $8,875,000, representing a compelling 9.10% cap rate and an estimated NOI of $788,000. The property benefits from excellent visibility due to its exceptional I-64 frontage and exposure. Its strategic location across from Forest Park and adjacent to St. Louis Community College, Highlands at Forest Park, the St. Louis Science Center, and SLUH provides significant advantages. The property is well-maintained and offers a diverse tenant base, making it an attractive investment for discerning buyers seeking a strong return in a prime St. Louis location. The lease type is modified, and the tenancy is multi-tenant. The price per square foot is $74.22.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Louis
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.2734
- Latitude
- 38.6288
