Linde Gas & Equipment
4,000 SF | Industrial Building | Cahokia Heights, IL 62206 | $797,143 ($199/SF) | 7% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $797,143
- Property Type
-
Industrial
- Price / Square Foot
- $199
Listing Contacts
Patrick Doherty
Verified Profile
Sharon Monagas
Verified Profile
Steven Weinstock
Verified Profile
- Property Info
Property Overview
Doherty Houston Industrial Group is pleased to present this Linde Welding Gas & Equipment Center property located in Cahokia, Illinois, a suburb of St. Louis, Missouri. The subject property is a 4,000-square-foot facility sitting on 0.82 acres, located on Mississippi Avenue, also known as Illinois State Route 3. There are approximately seven years remaining on a triple-net (NNN) lease with one, five-year renewal option at fair market value.
This property was a build-to-suit for Praxair Distribution, Inc. in 2014. Linde and Praxair merged in October 2021 and officially became one entity, named Linde Gas & Equipment, Inc. The company is a leading global industrial gases and engineering company with 2022 sales of $33 billion. The company serves a variety of end markets including chemicals, energy & decarbonization, food & beverage, electronics, healthcare, manufacturing, metals & mining. Linde’s industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purify & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.
Cahokia is located east of the Mississippi River in the greater St. Louis metropolitan area, in St. Clair County, Illinois. St. Clair is home to both Scott Airforce Base and MidAmerica St. Louis Airport. Greater St. Louis is the nation’s 21st largest metro and is one of the largest regional economies in the United States, with a gross metro product of $173 billion. The 15-county bi-state area comprises 2.8 million residents, 1.5 million workers and 88,000 business establishments. Throughout its history, St. Louis was founded as a trading center, grew into a manufacturing powerhouse, expanded its service sector, and developed into a major tech hub. The region ranks as the third most economically diverse U.S. metro area mirroring the national industry mix. Greater St. Louis has competitive strengths in advanced manufacturing, bioscience and health innovation, digital transportation, financial and business services, and mobility and transportation.
Broker of Record:
Illinois Broker of Record: Steven Weinstock
One Mid America Plaza, Ste. 200
Oakbrook Terrace, IL 60181
P: (630) 570-2200
[email protected]
Lic #: 471.011175
This property was a build-to-suit for Praxair Distribution, Inc. in 2014. Linde and Praxair merged in October 2021 and officially became one entity, named Linde Gas & Equipment, Inc. The company is a leading global industrial gases and engineering company with 2022 sales of $33 billion. The company serves a variety of end markets including chemicals, energy & decarbonization, food & beverage, electronics, healthcare, manufacturing, metals & mining. Linde’s industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purify & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.
Cahokia is located east of the Mississippi River in the greater St. Louis metropolitan area, in St. Clair County, Illinois. St. Clair is home to both Scott Airforce Base and MidAmerica St. Louis Airport. Greater St. Louis is the nation’s 21st largest metro and is one of the largest regional economies in the United States, with a gross metro product of $173 billion. The 15-county bi-state area comprises 2.8 million residents, 1.5 million workers and 88,000 business establishments. Throughout its history, St. Louis was founded as a trading center, grew into a manufacturing powerhouse, expanded its service sector, and developed into a major tech hub. The region ranks as the third most economically diverse U.S. metro area mirroring the national industry mix. Greater St. Louis has competitive strengths in advanced manufacturing, bioscience and health innovation, digital transportation, financial and business services, and mobility and transportation.
Broker of Record:
Illinois Broker of Record: Steven Weinstock
One Mid America Plaza, Ste. 200
Oakbrook Terrace, IL 60181
P: (630) 570-2200
[email protected]
Lic #: 471.011175
Property Details
- Year Built
- 2014
- Stories
- 1
- Lot Size (sq. ft)
- 35,719 SF
Highlights
- Linde is a Leading Global Industrial Gases and Engineering Company with 2023 Sales of $33 Billion
- STNL Build-To-Suit Facility
- Brand New 7-Year NNN Lease
- Caddy-Corner Store Front to a Corporately Owned 35,000-Square-Foot Linde Gas Plant & Distribution Facility Situated on 10+ Acres
- 170,000 Residents within a 5-Mile Radius
- Centrally Located 5 Minutes from Downtown St. Louis and St. Louis Downtown Airport
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