14528 Outer 40 RdChesterfield, MO 63017

For Sale
Call for price

225,900 SF, 97.2% occupied, value-add opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
93
Chesterfield Corporate Plaza, located at 14528 S Outer Forty Rd, Chesterfield, MO 63017, presents a compelling value-add investment or owner-user opportunity. This Class A, four-story office building totaling 225,900 square feet sits on a 12.29-acre lot in the highly sought-after West County submarket of St. Louis. Built in 1989, the property boasts one of the largest floorplates in the area (53,000+ sq ft), a significant advantage in attracting larger corporate tenants. Currently 97.2% occupied, the building features a strong tenant base including investment-grade tenants Mercy Healthcare and Penske Trucking, along with long-term tenant CPC Trucking. However, an upcoming tenant downsizing in mid-2025 will create approximately 150,000 square feet of available space, including a contiguous block exceeding 100,000 square feet—a rare opportunity on the I-64 corridor. The property offers convenient access to Interstates 64, 270, and Route 141, providing excellent visibility and signage opportunities. Amenities include covered and surface parking, a fitness center, on-site management, and in-building storage. The property's history of high occupancy (averaging less than 8.4% vacancy over two decades) and its location in a historically strong submarket make it an attractive investment. The building's large floorplate is particularly appealing to larger corporate users, a demographic concentrated in this area due to its central location, proximity to residential areas, and strong labor pool. This offering presents a chance to acquire a well-located, high-quality asset at an adjusted basis, capitalizing on current market conditions favorable to both investors and owner-users. The property is offered fee simple, without an asking price.

Highlights

  • Value-add investment or owner-user opportunity in the highly sought-after West County submarket of St. Louis.
  • High-quality existing tenancy including investment-grade tenants Mercy Healthcare (A+ S&P) and Penske Trucking (BBB S&P), and long-term tenant CPC Trucking.
  • Rare West County large floorplate (53,000+ sq ft) appealing to larger corporate users; significantly larger than competitors.
  • Generational opportunity to purchase at an adjusted basis due to current favorable market conditions.
  • Prime location in one of St. Louis' most active submarkets, with excellent visibility and signage opportunities along I-64.

Property Details for 14528 Outer 40 Rd

Property type
Other office properties, Office properties
Square Feet
225,900 SF
Class
A
Year Built
1989
Buildings
1
Stories
4
Lot Size (sq. ft)
535,352 SF

Location Insight

City
Chesterfield
County
St. Louis
State
Missouri
Latitude
38.643625
Longitude
-90.5203206
14528 Outer 40 Rd, Chesterfield, Missouri

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14528 Outer 40 Rd
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