SELLER FINANCING AVAILABLE! The Northwest Executive Centre is just off of Highway I-70 & St. Charles Rock Rd which provides great exposure and ease of access for tenants. The investment is priced at a 11.11% pro forma cap rate providing huge upside for investors. The Northwest Executive Centre (NWEC) in Bridgeton is a 36,570 SF office building, consisting of twenty-four office suites situated on 2.2 acres. Due to the large size of the site, there is potential to add an additional building which will substantially increase the value of the property. The NWEC building has a membrane roof that was installed within the last 10 years, along with the parking lot that was re-paved around the same time period. There are multiple value add opportunities with this property. The majority of the leases are leased at below market rates. Investors can raise lease rates over time as new tenants sign or old tenants renew.
- Price:
- $1,775,000
- Square Footage:
- 36,570
- Acreage:
- 2.22
- Year Built:
- 1976
- Listing ID #:
- MAR22031999
- Street Address:
- 11520 Saint Charles Rock Rd
- City:
- Bridgeton
- State:
- Missouri
- Postal Code:
- 63044
- County:
- St Louis
- Community:
- North
- Subdivision:
- Quisinberry Estate
- Listing Status:
- Active Under Contract
- Listing Type:
- Commercial Sale
- Finished Above Ground Square Footage:
- 36570
- Type Of Roof:
- Flat
- Year Built:
- 1976
- Business Description:
- Ac Systems Inc.
- Documents On Hand:
- Aerial Photos, Floor Plan, Profit & Loss Statement, Pro-Forma Stmt
- Approximate Lot Size Range Source:
- County Records
- Conforms To Zoning:
- B-3
- Existing Land Use:
- Two Stories, Office, Medical/Dental, Professional/Office, Professional Service
- Lot Square Footage:
- 96703
- Road Frontage Type:
- Interstate
- Suitable Use:
- Office
- Contingency Type:
- Subject To Financing, Subject To Inspec.
- Days On Market:
- 377
- Included In Sale:
- Building & Land
- Lease Terms:
- More Than 3 Years
- Originating Mls:
- Maris
- Cross Street:
- Dwight D. Eisenhower Hwy
- Subdivision:
- Quisinberry Estate
- Township:
- Bridgeton
- Property Taxes:
- $58,989
- Tax Year:
- 2021
- Parking Description:
- Parking Lot, Asphalt
- Parking Spaces:
- 122
- Cooling System:
- Electric
- Electricity:
- 220 Volts
- Existing Water:
- Public
- Heating:
- Forced Air
- Sewage Type:
- Public Sewer
- Utilities:
- Electricity Available, Gas To Site, Water Available, Sewer Available
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: Salient Realty Group
