Listed by Colliers - Saint Louis Clayton, Missouri
$900,000
3377 Hollenberg Drive
Details
Property Type Industrial
Sub Type Flex
Square Footage 7,503
Units 2
Cap Rate 8.85%
NOI $79,691
Occupancy 100%
Tenancy Multi
Lease Type Net
Price per SqFt $120
Broker Co-Op Yes
Year Built 1988
Buildings 1
Stories 1
Lot Size (SqFt) 33,541
Zoning M-3
Investment Type Stabilized
Ceiling Height 14
Loading Docks 1
2 TENANT BUILDING | 100% LEASED | 8.85% CAP RATE
Marketing description
Colliers is pleased to exclusively offer 3377 Hollenberg Drive for purchase to qualified investors. The property is 100% leased to two (2) tenants, with approximately 2.0 years weighted average lease term remaining. It is in excellent condition, with recent renovations and a new TPO roof installed in 2016. It requires relatively little management, and the smaller deal size is ideal for a part-time investor, or 1031 exchange.
Investment highlights
100% leased to two long-term and committed tenants.
Smaller deal size is accessible to newer or part-time investors.
The property is in outstanding condition, with newer equipment and roof (2016).
Conveniently located near the intersection of I-270 and I-70.
Listing Contacts
Listed by Colliers - Saint Louis Clayton, Missouri
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$79,691.00
$6,640.92/mo
Valuation Metrics
0
DSCR
8.85%
Cap Rate
8.85%
ROI
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