Investment Overview

Marcus & Millichap St. Louis is pleased to present Pacific Plaza - a 37,011 SF Neighborhood Center consisting of 11 bays that is currently 86.40% Occupied. Located on E Osage St., the main thoroughfare running through Pacific, MO, which begins in Eureka, MO. The Center consists of a mix of national and mom-and-pop tenants, with a combination of NNN and gross leases. The building was renovated in 2022 with a new parking lot, new roof, new HVAC, new LED lights, new electrical panels, and a new owning. Pacific is a growing suburb of the greater Saint Louis MSA. This center presents a wonderful opportunity for a buyer to add value to the property by leasing up the remaining 5,030 SF vacancy. Investors could also take advantage of increasing existing tenant's rents to market rates and incorporate CAM charges and annual rental increases into the leases at renewal. There are 83,9127 people living within 10 miles of the property and that number is growing at a high rate as St. Louisans are consistently migrating from the urban core to West St. Louis suburbs since COVID. Pacific, MO has had a steady increase in population growth for years, and a short drive away from St. Louis City. Don't miss your opportunity to invest in Pacific Plaza!