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729 Prairie Dupont Drive

Updated Dec 4, 2024

Beverage Distributor Leases Industrial Space In Dupo Near St. Louis
LEASEDIndustrial

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

About this deal

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:

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.

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Players

George Cibula

CORFAC International

Broker

$5.5M

vol

9 deals

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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

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