230 Bemiston AveClayton, MO 63105

For Sale
Call for price

High-Occupancy Class B Office, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 95,452 square foot Class B office building presents a compelling investment opportunity. Located at 230 S Bemiston Ave in Clayton, Missouri's highly sought-after Mid County submarket, this 12-story building (plus a two-story annex) boasts 83.65% occupancy across 44 diverse tenants. Built in 1963 and renovated in 2008, the property features a granular rent roll with no single tenant exceeding 8% of the total rentable area, ensuring stable cash flow. The building offers a superior 3.5 parking spaces per 1,000 square feet, including 317 covered spaces. Its prime location provides excellent visibility to over 22,000 vehicles daily, with direct access to Forest Park Parkway and Interstate 170, and a one-block walk to the MetroLink light-rail station. Amenities include an inviting lobby, a conference facility, an on-site restaurant, and a fully staffed management office. The surrounding area showcases exceptional demographics, with an average household income of $208,024 and an average home value of $792,720, and a low unemployment rate of 1.2%. The two-story annex benefits from an economically favorable ground lease extending to December 31, 2064, with no rent increases. This property offers strong in-place cash flow, potential for rent growth, and further lease-up opportunities, making it an ideal investment in a high-growth market with a low vacancy rate of 13.4%. The floorplates are well-suited for smaller tenants, and the building's location is steps away from major employers, entertainment, and dining options.

Highlights

  • 95,452 SF office building in Clayton, MO, a prime St. Louis submarket.
  • High-visibility location with easy access to Forest Park Parkway and I-170.
  • Excellent amenities: ample parking, on-site restaurant, and conference center.
  • 83.65% occupied, generating strong cash flow.
  • Solid tenant roster with diverse lease expirations.
  • Exceptional demographics: $208,024 average household income and $792,720 average home value within one mile.

Property Details for 230 Bemiston Ave

Property type
Other office properties, Office properties
Square Feet
95,452 SF
Class
B
Year Built
1963
Buildings
1
Stories
12
Lot Size (sq. ft)
23,522 SF

Location Insight

City
Clayton
County
St. Louis
State
Missouri
Latitude
38.6465621
Longitude
-90.3366377
230 Bemiston Ave, Clayton, Missouri

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230 Bemiston Ave
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