Kawa Capital Management Acquires Office Property In St. Louis For $145M
SOLD
$145,000,000
Missouri
See Similar DealsOffice163,000 SF
Sold 12/08/2021
SOLD
Kawa Capital Management Acquires Office Property In St. Louis For $145M
One Metropolitan Square, 1 Metropolitan Sq, St. Louis, Missouri 63101, United States
See Similar DealsOffice163,000 SF
Sold 12/08/2021
Summary
MISSOURI
Asset Type:Office
Price Per Square Foot:$889
Total Square Footage:163,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$7,733,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$515,154.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$687,373.98
Annual Debt Service$8,248,487.71
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