Updated Nov 4, 2026
Earthworks Inc Acquires Former Public Works Facility In O'Fallon For $4.4 Million
1001 O'fallon Industrial Centre Drive & 1051 O'fallon Industrial Centre Drive
$4,400,000
$59/SF
Building Size
37,002 SF
Asset Type
Industrial
Closing
Nov 3, 2026
About this deal
AI
The property asset involved in this transaction is an industrial facility located at 1001-1051 Industry Drive in O'Fallon, Missouri. The asset spans 5.57 acres and has a total square footage of 37,002. The sale price for the property was $4,400,000, which results in a price per square foot of $119.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,400,000
- Address: 1001-1051 Industry Drive, O'Fallon, MO
- Market: O'Fallon, MO
- Acres: 5.57
- Square Feet: 37,002
- Price Per Square Foot: $119
- Buyer: Earthworks Inc
- Seller: City of O’Fallon
- Buyer's Representative: Daniel Cahill - Avison Young
- Seller's Representative: Keith Ziercher - Cushman & Wakefield
The deal involved Earthworks Inc as the buyer and City of O’Fallon as the seller, with Daniel Cahill from Avison Young representing the buyer and Keith Ziercher from Cushman & Wakefield representing the seller. This transaction was finalized on November 3, 2026.
On the Map
$4,400,000
$59/SF
Industrial
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Players
Industry Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93