Bridgeton, MO 63044,11520 Saint Charles Rock RD
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Bridgeton, MO 63044,11520 Saint Charles Rock RD
Bridgeton, MO 63044,11520 Saint Charles Rock RD
Bridgeton, MO 63044,11520 Saint Charles Rock RD
Bridgeton, MO 63044,11520 Saint Charles Rock RD

$1,750,000

Est. payment /mo

$1,775,000

1.4%
Est.Price: ?

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11520 Saint Charles Rock RD Bridgeton, MO 63044

36,570 SqFt

SOLD DATE : 05/31/2023

Key Details

Sold Price $1,750,000

Property Type Commercial

Sub Type Commercial & Indr.

Listing Status Sold

Purchase Type For Sale

Square Footage 36,570 sqft

Price per Sqft $47

Subdivision Quisinberry Estate

MLS Listing ID 22031999

Sold Date 05/31/23

Construction Status 47

Year Built 1976

Building Age 47

Lot Size 2.220 Acres

Acres 2.22

Lot Dimensions 0277 / 0277 - 0344 / 0353

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.

Location

State MO

County St Louis

Area North

Zoning B-3

Interior

Heating Forced Air

Cooling Electric

Fireplace N

Exterior

Utilities Available Electricity Available, Gas to Site, Water Available, Sewer Available

Roof Type Flat

Building

Sewer Public Sewer

Water Public

Structure Type Other

Construction Status 47

Others

Acceptable Financing Cash Only, Conventional, Exchange

Listing Terms Cash Only, Conventional, Exchange

Special Listing Condition None

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Listed by Tyler Alms • Salient Realty Group, LLC
Bought with Tyler Alms

Suzanna Wolfe

Broker | License ID: 2007010758

+1(573) 245-8774

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