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Warson Road, Olivette, Miss...

Harrison Street Acquires Commercial Property In Olivette, MO For $92M
SOLDCommercial

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

Joshua King

Newmark

Broker

$32.8B

vol

115 deals

Broker
HC
Harrison Street Real Estate CapitalBuyer
LM
Larson Capital ManagementSeller

Saint Louis Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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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