Beverage Distributor Leases Industrial Space In Dupo Near St. Louis
729 Prairie Dupont Drive
Building Size
22,500 SF
Asset Type
Industrial
Closing
Jun 21, 2024
AI
A beverage distributor has leased a 22,500-square-foot industrial space at 729 Prairie Dupont Drive in Dupo, located just south of St. Louis. The facility, built in 2008, features office space, dock and drive-in doors, and high clear heights. Strategically positioned near I-255 and the St. Louis Downtown Airport, this industrial space offers ample amenities for the tenant.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not applicable
- Address: 729 Prairie Dupont Drive
- Market: Dupo
- Tenant's Rep: George Cibula & Luke Ferzacca - DarwinPW Realty/CORFAC International; Joel Meyer & Ben Bacino - Intelica/CORFAC International
- Landlord's Rep: Steve Zuber - Barber Murphy Commercial
The tenant, represented by George Cibula, Luke Ferzacca of DarwinPW Realty/CORFAC International, Joel Meyer, and Ben Bacino of Intelica/CORFAC International, has secured an ideal industrial space for their operations. On the other side, the landlord for this transaction was represented by Steve Zuber of Barber Murphy Commercial, facilitating a successful lease agreement between the parties involved.
Players
Dupo Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93