5200-5240 Oakland Ave StSt. Louis, MO 63110

For Sale
$8,875,000

Prime St. Louis office & retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
93
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

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5200-5240 Oakland Ave St
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