Harrison Street Acquires Commercial Property In Olivette, MO For $92M
Warson Road, Olivette, Missouri 63132, United States
$92,000,000
$605/SF
Building Size
151,829 SF
Asset Type
Commercial
Closing
Jan 10, 2022
AI
The commercial property located at 1001 N Warson Rd in Olivette, MO has been sold in a transaction. The property spans approximately 151,829 square feet, with a sale price of $92,000,000. The price per square foot is estimated to be $605.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $92,000,000
- Address: 1001 N Warson Rd, Olivette, MO
- Market: Olivette, MO
The buyer in this transaction is Harrison Street Real Estate Capital, while the seller is Larson Capital Management. The deal was facilitated by Michael Hanrahan, Josh McGee, and Josh King of Cushman & Wakefield.
Players
Saint Louis Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93