Chris Fox Of Gershman Commercial Real Estate Purchases 1010 Pine Street Office Tower For $19.4M
1010 Pine Street
$19,400,000
$33/SF
Building Size
584,000 SF
Asset Type
Office
Closing
Apr 14, 2025
AI
The asset involved in this transaction is an office property located at 1010 Pine Street, St. Louis, MO. The sale was concluded for a price of $19,400,000, with a total square footage of 584,000. The price per square foot stands at $33.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $19,400,000
- Address: 1010 Pine Street
- Market: St. Louis, MO
- Square Footage: 584,000
- Price per Square Foot: $33
- Buyer: Chris Fox - Gershman Commercial Real Estate
- Seller: John Stankey - AT&T
Chris Fox represented Gershman Commercial Real Estate as the buyer in this transaction, while John Stankey represented AT&T as the seller. The sale of the 28-story office tower is part of AT&T's strategy to reduce its real estate footprint.
Players
Saint Louis Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.82%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93