Updated May 21, 2025
MacHom Com St. Louis LLC Sells $6M Industrial Property In St. Louis Fully Leased To Telecom Firm
2340 59th Street
$6,000,000
$91/SF
Building Size
65,900 SF
Asset Type
Industrial
Closing
May 19, 2025
About this deal
AI
A 65,900-sq-ft industrial property located at 2340 59th Street in St. Louis, MO has been sold for $6,000,000. This property has been fully leased to a global telecom firm since 1990, making it a stable investment in the industrial market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,000,000
- Address: 2340 59th Street
- Market: St. Louis, MO
- Square Footage: 65,900
- Price Per Square Foot: $91
- Seller: MacHom Com St. Louis LLC
- Brokers: Brian Bush, Anthony DeLorenzo & Kevin Foley- CBRE
- Purchase Method: All-cash, 1031 exchange
- Buyer Focus: Low-maintenance assets with strong tenants and long lease terms
CBRE brokered the sale, demonstrating their expertise in handling significant transactions in the industrial sector. The brokers involved in the deal include Brian Bush, Anthony DeLorenzo, and Kevin Foley, who collectively played a crucial role in facilitating this transaction.
On the Map
$6,000,000
$91/SF
Industrial
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Players
Saint Louis 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93