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:
- Property Type: Mixed-use
- Transaction Amount: $3,400,000
- Address: 11780 Manchester Road
- Market: St. Louis, MO
- SF: 17,190
- Buyer's Rep: John Shuff - Pace Properties & Ted Green - Avison Young
- Seller: David Meggs - AXSYS Capital
- Seller's Rep: Jason Riegelsberger & Luke Grant - Skyline Commercial Real Estate; & Mark Dorsey - Avison Young
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
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