10793 Midwest Industrial Blvd St St. Louis, MO 63132
This St. Louis, Missouri industrial property, located at 10793 Midwest Industrial Blvd, zip code 63132, offers a compelling investment opportunity. The 42,704 square foot building, constructed in 1966 and renovated in 2015, sits on a 1.73-acre lot. Currently housing two tenants, the property features six loading docks, five dock-high doors, and a 17-foot ceiling height. A significant portion of the building (28,796 square feet) will become available September 1, 2024. This space includes four loading docks, a drive-in door, and approximately 7% office finish. The remaining 14,646 square feet is occupied by a long-term tenant under a lease expiring June 30, 2025. The asking price is $3,375,000, translating to $79.03 per square foot and $1,687,500 per unit. The property is a single-story building with excellent access and is ideal for owner-users or investors seeking a strong cash flow with future expansion potential. This is a rare opportunity to acquire a well-maintained industrial warehouse in a prime St. Louis location.
Cap rate
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Property description
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