facebook
Traded Co logo
Submit
Daily limit: 0/10

CommunityAmerica Credit Union Acquires Mixed-Use Property On Manchester Road For $3.4M

Property Image
SOLD
$3,400,000
Luke Grant
John Shuff
+ 2

Missouri

See Similar Deals
Mixed-use17,190 SF
Sold 04/08/2024
the dealplayerscompscontact
Property Image
SOLD

CommunityAmerica Credit Union Acquires Mixed-Use Property On Manchester Road For $3.4M

11780 Manchester Road

See Similar Deals
Mixed-use17,190 SF
Sold 04/08/2024
Luke Grant
John Shuff
+ 2
Contact now

Summary

MISSOURI
Asset Type:Mixed-use
Price Per Square Foot:$197
Total Square Footage:17,190 SF
Transaction Type:Sale

The mixed-use property located at 11780 Manchester Road in St. Louis, MO, was recently sold for $3,400,000. Spanning 17,190 square feet, the property was acquired by CommunityAmerica Credit Union from David Meggs of AXSYS Capital. The transaction was facilitated by John Shuff and Ted Green representing the buyer, and Mark Dorsey, Luke Grant, and Jason Riegelsberger representing the seller.

Summary of transaction details:

Notably, AXSYS Capital completed the sale of the property to CommunityAmerica Credit Union for the aforementioned $3.4 million. The property, situated along a prominent retail corridor in Des Peres, MO, was expertly brokered in the deal by the buyer's representatives, John Shuff and Ted Green, and the seller's representatives, Mark Dorsey, Luke Grant, and Jason Riegelsberger.

Players

Jason Riegelsberger
2 deals$7M volume(314) 974-0698
BROKER

Luke Grant
Skyline Commercial Real Estate
2 deals$7M volume(314) 602-3008
BROKER

John Shuff
2 deals$5.4M volume(314) 785-7630
BROKER

Ted Green
Avison Young
1 deal$3.4M volume(314) 785-7611
BROKER

Mark Dorsey
Avison Young
1 deal$3.4M volume(314) 580-1142
BROKER

Details

SOLD
IMAGE: 04/08/2024 ADDRESS: 11780 Manchester Road MARKET: St. Louis, MO ASSET TYPE: Mixed-use SELLER: David Meggs - AXSYS Capital BUYER'S REP: John Shuff - Pace Properties & Ted Green - Avison Young SELLER'S REP: Jason Riegelsberger & Luke Grant - Skyline Commercial Real Estate; & Mark Dorsey - Avison Young SALE PRICE: $3,400,000 SF: 17,190 ~ PPSF: $198 NOTE: AXSYS Capital has sold a mixed-use property in Des Peres, MO, to CommunityAmerica Credit Union for $3.4 million. The property, located along a prominent retail corridor, was represented by John Shuff and Ted Green for the buyer and Mark Dorsey, Luke Grant, and Jason Riegelsberger for the seller, Des Peres Plaza Partners, LLC, on behalf of AXSYS Capital.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$181,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82