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Warehouse

Metro Electric Portfolio

1029 E Terra Ln, O'Fallon, MO 63366

Listing Price: $19,300,000

Cap Rate
6.02%
Gross SF
198,069
Price/Gross SF
$97.44
Lot Size
14.40 acres
Year Built
1997
Rentable SF
198,069

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the 10-building portfolio located in the cities of Arnold, Ballwin, Cape Girardeau, Chesterfield, Fenton, O’Fallon, and Saint Louis, Missouri. The portfolio is leased to Graybar Electric Company, Inc. and occupied by its subsidiary, Metro Electric Supply. The subject portfolio consists of approximately 198,069 square feet of space and is situated on a combined 14.40 acres of land. The asset features strategically located industrial warehouses with proximate access to major freeways. Each property is situated within strong submarkets within Saint Louis, a tough barrier-to-entry market with a low vacancy rate and strong annual rent growth, both at 3.9 percent. With triple-net leases in place, with Graybar as the tenant, the portfolio minimizes landlord responsibility and expenses. Graybar is a leading employee-owned North American distributor of electrical, communications and data networking products and a provider of supply chain management and logistics services. With 2020 revenue of $7.3 billion, Graybar ranked #399 on the 2021 Fortune 500. In 2021, Graybar acquired Metro Electric Supply, a family-operated electrical supply company serving the Saint Louis metro area since 1967. The Saint Louis metro is near the geographic center of the United States, within 500 miles of one-third of the U.S. population, and has more than 2.9 million residents. The metro encompasses the city of Saint Louis; the Missouri counties of St. Charles, Jefferson, Franklin, St. Louis, Lincoln, Warren and Washington; and the Illinois counties of Madison, Saint Clair, Macoupin, Clinton, Monroe, Jersey, Bond and Calhoun. Saint Louis is the most populous county with 1 million people. The city of Saint Louis, which is located at the confluence of the Mississippi and Missouri rivers, is the only city in the metro with a population of more than 300,000 citizens. As Saint Louis continues to be a desirable industrial market for investors, Saint Louis has been ranked in recent years as one of the top 10 industrial markets to watch.

Investment Highlights

  • Strategically Located Industrial Warehouse with Proximate Access to Major Freeways
  • Triple-Net Leases, Minimizing Landlord Responsibility, and Expenses
  • Located in Strong Submarkets of Saint Louis
  • Graybar is a Large Private Company with $7.3 Billion in Revenue in 2020
  • Tough Barrier-to-Entry Market: Low Overall Vacancy Rate and an Average of 3% Annual Rent Growth (CoStar)

Exclusively Listed By

Financing By

Warehouse

Metro Electric Portfolio

Listing Price: $19,300,000

Cap Rate
6.02%
Gross SF
198,069
Price/Gross SF
$97.44
Lot Size
14.40 acres
Year Built
1997
Rentable SF
198,069

Investment Highlights

  • Strategically Located Industrial Warehouse with Proximate Access to Major Freeways
  • Triple-Net Leases, Minimizing Landlord Responsibility, and Expenses
  • Located in Strong Submarkets of Saint Louis
  • Graybar is a Large Private Company with $7.3 Billion in Revenue in 2020
  • Tough Barrier-to-Entry Market: Low Overall Vacancy Rate and an Average of 3% Annual Rent Growth (CoStar)

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the 10-building portfolio located in the cities of Arnold, Ballwin, Cape Girardeau, Chesterfield, Fenton, O’Fallon, and Saint Louis, Missouri. The portfolio is leased to Graybar Electric Company, Inc. and occupied by its subsidiary, Metro Electric Supply. The subject portfolio consists of approximately 198,069 square feet of space and is situated on a combined 14.40 acres of land. The asset features strategically located industrial warehouses with proximate access to major freeways. Each property is situated within strong submarkets within Saint Louis, a tough barrier-to-entry market with a low vacancy rate and strong annual rent growth, both at 3.9 percent. With triple-net leases in place, with Graybar as the tenant, the portfolio minimizes landlord responsibility and expenses. Graybar is a leading employee-owned North American distributor of electrical, communications and data networking products and a provider of supply chain management and logistics services. With 2020 revenue of $7.3 billion, Graybar ranked #399 on the 2021 Fortune 500. In 2021, Graybar acquired Metro Electric Supply, a family-operated electrical supply company serving the Saint Louis metro area since 1967. The Saint Louis metro is near the geographic center of the United States, within 500 miles of one-third of the U.S. population, and has more than 2.9 million residents. The metro encompasses the city of Saint Louis; the Missouri counties of St. Charles, Jefferson, Franklin, St. Louis, Lincoln, Warren and Washington; and the Illinois counties of Madison, Saint Clair, Macoupin, Clinton, Monroe, Jersey, Bond and Calhoun. Saint Louis is the most populous county with 1 million people. The city of Saint Louis, which is located at the confluence of the Mississippi and Missouri rivers, is the only city in the metro with a population of more than 300,000 citizens. As Saint Louis continues to be a desirable industrial market for investors, Saint Louis has been ranked in recent years as one of the top 10 industrial markets to watch.

Exclusively Listed By

Financing By

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