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11780 Manchester Road

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

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

11780 Manchester Road

$3,400,000

$197/SF

Building Size

17,190 SF

Asset Type

Mixed-use

Closing

Apr 8, 2024

AI

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

Skyline Commercial Real Estate

Broker

$7M

vol

2 deals

Broker

Saint Louis Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93