Harrison Street Acquires Commercial Property In Olivette, MO For $92M
SOLD
$92,000,000
Missouri
See Similar DealsCommercial151,829 SF
Sold 01/11/2022
SOLD
Harrison Street Acquires Commercial Property In Olivette, MO For $92M
Warson Road, Olivette, Missouri 63132, United States
See Similar DealsCommercial151,829 SF
Sold 01/11/2022
Summary
MISSOURI
Asset Type:Commercial
Price Per Square Foot:$605
Total Square Footage:151,829 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,906,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$326,856.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$436,126.94
Annual Debt Service$5,233,523.23
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