Monkey Building
27,045 SF | 85% Leased | Office Building | Saint Louis, MO 63103 | $1,750,000 ($65/SF) | 9.08% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,750,000
- Sale Condition
- 1031 Exchange
- Property Type
-
Office
- Square Feet
- 27,045 SF
- Price / Square Foot
- $65
Listing Contacts
Brad Waldrop
Verified Profile
- Property Info
Property Overview
Investment or owner-user opportunity. This property is ~18% vacant with room for rent growth. This property was last appraised in 2016 for $3.8M and was gut-renovated ~2007 when the following was installed new: HVAC; plumbing (including new sewer & water taps); electric service including new service and meters; new fire sprinkler heads, tap and back-flow; new life-safety devices; new gas service to specific retail tenant spaces; new roof; new windows; new storefronts; new sound abatement technology and self-leveling concrete floors; new structural steel; new elevator; new door/building access systems; ... and more.
The property is located just west of the Central Business District (CBD) and the Gateway Arch in the heart of St. Louis' Loft/Garment District. It is across the street from the newly renovated The Last Hotel, and it's around the corner from the newly renovated 21c Museum Hotel-St. Louis. It is very close to the municipal courts, the civil court house, & the federal court house. It is 1.5 miles from the new $1.7B United States National Geospatial-Intelligence Agency West facility, or Next NGA West.
The property is located just west of the Central Business District (CBD) and the Gateway Arch in the heart of St. Louis' Loft/Garment District. It is across the street from the newly renovated The Last Hotel, and it's around the corner from the newly renovated 21c Museum Hotel-St. Louis. It is very close to the municipal courts, the civil court house, & the federal court house. It is 1.5 miles from the new $1.7B United States National Geospatial-Intelligence Agency West facility, or Next NGA West.
Property Details
- Class
- B
- Year Built
- 1879
- Stories
- 3
- Property Subtype
- Loft/Creative Space
- Lot Size (sq. ft)
- 9,583 SF
Highlights
- Located on a major street in Downtown St. Louis.
- Near municipal, civil and federal court houses.
- Near new National Geospatial Agency HQ.
- Located in vibrant mixed-use neighborhood amongst condos, hotels, restaurants & convention center.
- Close to light rail system and professional sports venues.
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