522 E Osage St, Pacific, MO 63069

Marcus & Millichap St. Louis is pleased to present Pacific Plaza listed at a market-friendly 9.50% CAP rate. Pacific Plaza is a 37,106 SF Neighborhood Center consisting of 13 bays that is currently 94% Occupied. The building is located on E Osage St., the main thoroughfare running through Pacific, MO, which begins in Eureka, MO.

Pacific Plaza consists of a mix of national and mom-and-pop tenants, with a combination of NNN and gross leases. The building was renovated in 2022 with a new parking lot, repaired roof, replaced HVAC units, updated LED lights, and new electrical panels/awning.

Pacific is a growing suburb of the greater Saint Louis MSA. This center presents a wonderful opportunity for a buyer to add value to the property by leasing up the remaining 2,195 SF vacancy. Investors could also take advantage of increasing existing tenant's rents to market rates and incorporate taxes/insurance/CAM charges into the leases at renewal.

There are 83,9127 people living within 10 miles of the property and that number is growing at a high rate as St. Louisans are consistently migrating from the urban core to West St. Louis suburbs since COVID. Pacific, MO has had a steady increase in population growth for years, and is about 35 miles from St. Louis City.

Don't miss your opportunity to invest, and add-value in Pacific Plaza!