Attributes
Year Built | 2021 |
Building Area Net |
|
Land Area Net |
|
Occupancy | 100.0 % |
Asset Description
Jones Lang LaSalle ("JLL"), as an exclusive advisor to the Owner, Opus Development Company, LLC, is pleased to offer for sale the fee-simple interest in the Earth City Commerce Center, a 111,002 square foot, Class A industrial property located at the gateway to Earth City, a dense industrial submarket of St. Louis (the "Offering" or the "Property"). Fully leased to two (2) tenants with an average of 4.8 years of lease term remaining, the Property represents the first industrial building accessible from the I-70 & Route-141 interchange, providing for outstanding access to major arterials and the St. Louis International Airport. A growing in-place cash flow stream combines with the Property's prime location in a St. Louis industrial market that has experienced consistently strong user demand, supporting both near and long-term upside. As one of the last developable land sites in the immediate area, the Earth City Commerce Center represents a rare opportunity to acquire brand new, infill construction within a rapid growing St. Louis industrial market.
Investment Highlights
- 2021, Class A Construction
- Coveted Infill Location in Established Industrial Corridor
- Growing In-Place Cash Flow
- Red Hot St. Louis Industrial Market with Record Low Vacancies