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33516784
33516754

1215 Fern Ridge Parkway, Creve Coeur, MO 63141

Cushman & Wakefield - St. Louis, Missouri
MH
MO 2000173213
Cushman & Wakefield St Louis
Listed by Cushman & Wakefield - St. Louis, Missouri, Cushman & Wakefield St Louis
Unpriced
3 days on market
Updated 3 days ago

1215 & 1224 Fern Ridge Parkway

Details
Property Type Office
Sub Type Traditional Office
Square Footage 110,123
Net Rentable (SqFt) 110,123
Units 422
NOI $206,734
Occupancy 66.7%
Tenancy Multi
Brand/Tenant GSA
Lease Type Modified
Pro-Forma NOI $339,888
Class B
Year Built 1983
Buildings 2
Parking Spaces spaces

Investor/User Office Portfolio | 2 Buildings | Immediate Value-Add Upside

Marketing description

Cushman & Wakefield’s St Louis Capital Markets team has been retained by Ownership as exclusive agent & advisor to offer for qualified investors the 100% fee simple interest in the 1215 & 1224 Fern Ridge Parkway (The Portfolio).

The subject properties contain approximately +/-110,123 SF of Class B suburban office space located in the heart of Creve Coeur. The complex is located off Olive Blvd. with direct proximity to Interstate 270, one of the major interstates in St. Louis. The building location allows tenants easy access to the many amenities located in Creve Coeur.

The portfolio is 64.8% occupied by 18 tenants over two separate buildings with a collective WALT of 2.96 years. The two anchor tenant(s) are government agencies: the Social Security Administration and the Office of Inspector General. They collectively account for 19.6% of total portfolio NRA and have over 19 years of tenure at the property. The portfolio also offers qualified buyers immediate value-add upside within a high demand submarket like Creve Coeur.

Investment highlights

  • IMMEDIATE VALUE ADD UPSIDE UPON ACQUISITION
  • OPTIMAL USER OPPORTUNITY
  • STICKY ANCHOR TENANTS WITH SUBSTANTIAL TENURE (MULTIPLE GSA LEASES)
  • PREMIER LOCATION WITHIN HIGH DEMAND SUBMARKET

Listing Contacts

Cushman & Wakefield - St. Louis, Missouri
MH
MO 2000173213
Cushman & Wakefield St Louis
Listed by Cushman & Wakefield - St. Louis, Missouri, Cushman & Wakefield St Louis

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$206,734.00
$17,227.83/mo

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