Investment Overview

Clark Properties Riverview Industrial Center Marcus & Millichap is pleased to present the opportunity to acquire the Riverview Industrial Center situated at 9215 Riverview Drive in Saint Louis, Missouri. The subject property consists of approximately 210,754 square feet of industrial space across 25.48 acres of land. The fully leased multi-tenant asset is anchored by Home Depot USA, Inc. The property features three suites, 12 dock-high doors, five grade-level doors, one city-high door and seven rail-access doors, a clear height ranging from 12’ to 43’, three-phase power with 1,200 amps, and an actively used BNSF rail spur. Additionally, the building’s coverage ratio of 19 percent makes the property ideal for outdoor storage use, which the tenants heavily utilize. Conveniently positioned along the Mississippi River, the property has proximate access to Interstates 270 and 70. With the property containing qualities that allow for specialized shipping activities, the anchoring tenant is relatively less sensitive to rent increases. Given the inflationary environment, rising industrial vacancy rates, and slowing rent growth, owning specialized assets that give landlords more pricing power over rents is growing in importance. Home Depot has occupied the property since 1998 and leases 42 percent of the asset to conduct storage and rail shipping of bulk goods, primarily lumber. In addition to the benefits of owning a specialized asset in today’s economy, this sale offers national investors the opportunity to claim a stake in a market whose fundamentals outperform most of the top markets across the nation. At 4.2 percent, the industrial vacancy rate in Saint Louis sat 340 basis points lower than the national average during the second quarter of 2025. Tighter availability has allowed Saint Louis to also sustain a higher level of annual rent growth at 4.2 percent, more than doubling the national average of 2.0 percent. As the second quarter came to a close, there were 4.1 million square feet of industrial space under construction in Saint Louis, representing just 1.2 percent of the existing inventory. The construction of Boeing’s 1.1 million-square-foot manufacturing facility exemplifies the industrial benefits that Saint Louis maintains (CoStar, national average based on top 50 metros, classes A, B, & C, minimum 10,000 square feet). The Saint Louis metro is near the geographic center of the United States, within 500 miles of one-third of the U.S. population. About 2.8 million people call the metro area home, with Saint Louis hosting over 319,000 residents. Located at the confluence of the Mississippi and Missouri rivers, the metro area encompasses counties in both Missouri and Illinois. The economy of Saint Louis is anchored by the logistics industry, with trade, transportation, and utilities accounting for the largest share of employment. In addition to the Gateway Arch, which continues to serve as a major tourist attraction, Saint Louis is also highlighted by one of the nation’s most prominent urban parks. Covering 1,326 acres, encompassing the Saint Louis Zoo, Art Museum, History Museum, and Science Center, Forest Park measures larger than New York’s famed Central Park. Saint Louis is also the host of two major professional sports teams, the Saint Louis Cardinals of Major League Baseball and the Saint Louis Blues of the National Hockey League (Marucs & Millichap, Wikipedia).