Property for Sale: 11520 Saint Charles Rock Road, Bridgeton, MO 63044 SOLD
11520 Saint Charles Rock Road, Bridgeton, MO 63044 SOLD
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Selling Price: $1,750,000
Original List Price: $1,775,000
Sold at 98.6% of list price
Sold Date: 05/31/2023
Square Feet: 36,570 sqft
Lot Size: 2.22 acres
Year Built: 1976
County: St Louis
Subdivision: Quisinberry Estate
DOM: 379 days
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.
Misc Description: Exterior Lighting, Smoke Alarm/Detec, Sprinkler System
Lot & Building Features
Heating: Forced Air
Parking Description: Asphalt, Parking Lot
Sewer: Public Sewer
Tax Year: 2021
Taxes Paid: $58,989
Lot Dimensions: 0277 / 0277 - 0344 / 0353 ft
Price History of 11520 Saint Charles Rock Road, Bridgeton, MO
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
11520 Saint Charles Rock Road, Bridgeton, MO
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1012 Plummer Drive Suite 301
Edwardsville, IL 62025
Edwardsville, IL 62025
Listed by Salient Realty Group, LLC, Tyler Alms
Sold by Salient Realty Group, LLC, Tyler Alms
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Listing information courtesy of: Salient Realty Group, LLC
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