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Shopping Neighborhood

Pacific Plaza

522 E Osage St, Pacific, MO 63069

Listing Price: $1,500,000

Cap Rate
8.97%
Gross SF
37,011
Rentable SF
37,011
Price/Gross SF
$40.53
Lot Size
2.13 acres
Year Built
1964

Investment Overview

Marcus & Millichap is pleased to present Pacific Plaza, a 41,000 SF Neighborhood Center in Pacific, MO, a growing Western Suburb of St. Louis, MO. St. Louis is the highest populated MSA in the state of Missouri where residents have been migrating from the city centers to the western suburbs along the I-44 corridor. This neighborhood center presents a value-add opportunity for investors to substantially increase the overall property value through lease-ups to nationally recognized tenants, raising rents on existing tenants to market, and adding CAM fees and additional income. Current average rent for this property is $5.52/SF per year and market rents for retail within 3 miles show an average range of $10-12/SF per year. There are 78,500+ people living within 10 miles of the property and that number is steadily growing as St. Louisans are migrating from the urban core to the Western St. Louis suburbs.

Investment Highlights

  • Investment opportunity in the growing Suburban West St. Louis County
  • 81.3% Occupied
  • $77,978 Average Household Income (3 Miles)
  • Value-Add Through Lease-Up
  • Close Proximity to Highway 44 (53,000+ VPD)
  • Service oriented mainly local tenants. Opportunity to lease to major national tenants

Exclusively Listed By

Financing By

Shopping Neighborhood

Pacific Plaza

Listing Price: $1,500,000

Cap Rate
8.97%
Gross SF
37,011
Rentable SF
37,011
Price/Gross SF
$40.53
Lot Size
2.13 acres
Year Built
1964

Investment Highlights

  • Investment opportunity in the growing Suburban West St. Louis County
  • 81.3% Occupied
  • $77,978 Average Household Income (3 Miles)
  • Value-Add Through Lease-Up
  • Close Proximity to Highway 44 (53,000+ VPD)
  • Service oriented mainly local tenants. Opportunity to lease to major national tenants

Investment Overview

Marcus & Millichap is pleased to present Pacific Plaza, a 41,000 SF Neighborhood Center in Pacific, MO, a growing Western Suburb of St. Louis, MO. St. Louis is the highest populated MSA in the state of Missouri where residents have been migrating from the city centers to the western suburbs along the I-44 corridor. This neighborhood center presents a value-add opportunity for investors to substantially increase the overall property value through lease-ups to nationally recognized tenants, raising rents on existing tenants to market, and adding CAM fees and additional income. Current average rent for this property is $5.52/SF per year and market rents for retail within 3 miles show an average range of $10-12/SF per year. There are 78,500+ people living within 10 miles of the property and that number is steadily growing as St. Louisans are migrating from the urban core to the Western St. Louis suburbs.

Exclusively Listed By

Financing By

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