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This exceptional St. Louis commercial property, the Paraquad Center, presents a compelling investment opportunity. Located at 5200-5240 Oakland Ave, St. Louis, MO 63110, this 4.68-acre site boasts 119,568 total square feet of space, currently housing seven tenants including Paraquad, Inc., Civil Design Engineers, Inc., Washington University, Modern Brewery, Ten by Three, St. Louis Behavioral Medicine Institute, and Therapeutic Specialties. The property features a mix of office, retail, and service center spaces, with one vacancy of 10,252 square feet available for lease. The asking price is $8,875,000, representing a compelling 9.10% cap rate and an estimated NOI of $788,000. The property benefits from excellent visibility due to its exceptional I-64 frontage and exposure. Its strategic location across from Forest Park and adjacent to St. Louis Community College, Highlands at Forest Park, the St. Louis Science Center, and SLUH provides significant advantages. The property is well-maintained and offers a diverse tenant base, making it an attractive investment for discerning buyers seeking a strong return in a prime St. Louis location. The lease type is modified, and the tenancy is multi-tenant. The price per square foot is $74.22.
Highlights
119,568 square feet total building area.
Multi-tenant property with office, retail, and service center spaces.
Seven existing tenants: Paraquat, Inc., Civil Design Engineers, Inc., Washington University, Modern Brewery, Ten by Three, St. Louis Behavioral Medicine Institute, and Therapeutic Specialties.
One vacant suite (10,252 square feet of office space).
Well-maintained building.
Excellent I-64 visibility and frontage.
Property Details
for 5200-5240 Oakland Ave St
Property type
Other retail properties, Other office properties
Square Feet
10,252 SF
Lot Size (sq. ft)
203,861 SF
Location Insight
City
St. Louis
County
St. Louis
State
Missouri
Latitude
38.628841
Longitude
-90.273425
5200-5240 Oakland Ave St, St. Louis, Missouri
Nearby Similar for Sale
For Sale
$300,000
Downtown St. Louis Mixed-Use Building
Prime location, high visibility, redevelopment potential.
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5200-5240 Oakland Ave St, St. Louis, Missouri, 63110
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.