Current Use by Public Records
- Warehouses
Property Details for 11323 Midland Blvd St
- Year built
- 1972
- Lot size
- 0.38 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a 40,672-square-foot warehouse located at 11323 Midland Blvd, St. Louis, Missouri 63114. The property sits on a 0.38-acre lot and boasts a substantial 10-year lease with a tenant, a nationally recognized brand, currently in place, expiring October 30, 2028. With four years remaining on the primary lease term, this asset offers immediate cash flow and long-term stability. The building, constructed in 1972, generates a Net Operating Income (NOI) of $65,436.96, resulting in an attractive 10.00% capitalization rate. The asking price is $650,000. This strategically located property benefits from its position along the main corridor of Midland Boulevard and US 67, providing excellent access and visibility. The lease includes two five-year option periods, further enhancing the long-term value and security of this investment. This multi-unit operator property presents a compelling opportunity for investors seeking a stable, high-yield industrial asset in a prime St. Louis location.
Value Estimations
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AI approach
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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
- -90.4076
- Latitude
- 38.7077
