616 Trade Ctr Blvd, Unit 2 Chesterfield, MO 63005-1227
- Office Properties & Spaces
- 12,603 SF
- 0.28 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 616 Trade Ctr Blvd
- Year built
- 2001
- Lot size
- 0.28 lot acres
- Property size
- 12,603 SF
- Zone code
- 105M3
- Property type
- Office Properties & Spaces
- APN
- 17V-3-2-028-8
- APU
- 17V320288
Description
This exceptional 12,255-square-foot office building, located at 616 Trade Center Blvd in Chesterfield, Missouri, presents a compelling investment opportunity. The single-story, 2001-constructed building sits on a single unit and is currently 100% occupied under a triple-net (NNN) lease, providing immediate cash flow. The property boasts approximately 92% office space, ideal for a variety of businesses, complemented by warehouse space featuring a dock door (with potential for expansion). The high ceilings (20 feet) offer ample storage and operational flexibility. Situated in the desirable Chesterfield Valley, this property enjoys convenient access to I-64, ensuring excellent accessibility for employees and clients. The building is zoned PID and is currently leased through July 31, 2029. A significant rent increase is projected due to built-in rent bumps tied to the Consumer Price Index (CPI), with a 24-month CPI adjustment scheduled for August 1, 2025. This presents a strong potential for future appreciation and return on investment. The asking price is $2,250,000, translating to $183.60 per square foot. This core investment property offers a rare combination of immediate income, long-term lease security, and significant upside potential. Don't miss this opportunity to acquire a high-quality asset in a prime Chesterfield location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,855,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,060,000
- 6.5%
- $2,130,000
- 7%
- $2,020,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,905,000
- Geo Method
- $1,665,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,625,000
- Retail
- $1,715,000
- Mixed-Use
- $1,725,000
- Hospitality
- $1,925,000
- Educational
- $2,235,000
- Residential Income
- $1,655,000
- Energy
- $1,870,000
- Income-Based Land
- $2,185,000
- Food Service
- $1,670,000
Location Insight
- Map
- Local Demand
- City
- Chesterfield
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.6234
- Latitude
- 38.6645
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
