11520 Saint Charles Rock Road, Bridgeton, MO 63044

$1,775,000
List Price
$1,775,000
Days on Market
204
MLS#
22031999
Status
ACTIVE
Lot Size
96,703
Sq. Ft. Above
36,570
Acres
2.22
Year Built
1976
Age
46
Subdivision
Quisinberry Estate
Municipality
Bridgeton
County
St Louis
Listing Type
Commercial

Property Description

SELLER FINANCING AVAILABLE! The Northwest Executive Centre is just off of Highway I-70 & St. Charles Rock Rd which provides great exposure and ease of access for tenants. The investment is priced at a 11.11% pro forma cap rate providing huge upside for investors. The Northwest Executive Centre (NWEC) in Bridgeton is a 36,570 SF office building, consisting of twenty-four office suites situated on 2.2 acres. Due to the large size of the site, there is potential to add an additional building which will substantially increase the value of the property. The NWEC building has a membrane roof that was installed within the last 10 years, along with the parking lot that was re-paved around the same time period. There are multiple value add opportunities with this property. The majority of the leases are leased at below market rates. Investors can raise lease rates over time as new tenants sign or old tenants renew.

Additional Information

Construction
Other
Parking Description
Parking Lot, Asphalt
Lot Dimensions
0277 / 0277 - 0344 / 0353
Cooling
Electric
Sewer
Public Sewer
Heating
Forced Air
Water
Public
Price Per Sq. Ft
48.54
Taxes Paid
58989
Buyer's Agent Commission
3
Selling Terms
Cash Only, Conventional, Exchange

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Salient Realty Group, LLC.

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