Kawa Capital Management Acquires Office Property In St. Louis For $145M
One Metropolitan Square, 1 Metropolitan Sq, St. Louis, Missouri 63101, United States
$145,000,000
$889/SF
Building Size
163,000 SF
Asset Type
Office
Closing
Dec 7, 2021
About this deal
AI
The office property located at 1 Metropolitan Square in St. Louis, MO has been sold in a recent transaction. The property spans approximately 163,000 square feet and was sold for a total price of $145,000,000, resulting in an average price per square foot of $889.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $145,000,000
- Address: 1 Metropolitan Square, St. Louis, MO
- Market: St. Louis, MO
- Buyer: Kawa Capital Management - Michael Corridan
- Seller: 601W
- Square Footage: 163,000
- Price per Square Foot: $889
The buyer in this transaction is Kawa Capital Management, represented by Michael Corridan. The seller is 601W. This successful deal demonstrates the strong demand for office properties in St. Louis, with the property at 1 Metropolitan Square commanding a significant sale price.
Saint Louis Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93