Omer Malik Solutions Management Group Buys Berkeley, MO Office Building From Express Scripts For $5.4M
4700 North Hanley Road
$5,400,000
$23/SF
Building Size
225,668 SF
Asset Type
Office
Closing
Aug 7, 2025
About this deal
AI
A 225,668-square-foot office asset located at 4700 North Hanley Road in Berkeley, MO, sold for $5,400,000 (about $24 per square foot) on 08/07/2025, transitioning ownership from Express Scripts to Solutions Management Group.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $5,400,000
- Address: 4700 North Hanley Road, Berkeley, MO
- Market: Berkeley, MO
- Sale Date: 08/07/2025
- Square Footage: 225,668
- Price Per Square Foot: $24
- Buyer: Omer Malik - Solutions Management Group
- Seller: Express Scripts
- Brokers: Omer Malik - Avison Young; Mike Carlson - Avison Young; Jay Travis - Avison Young; Ben Albers - Avison Young
The site encompasses 34 acres in an Opportunity Zone and is positioned for repurposing due to its proximity to distribution hubs and the airport. It is vacant and was formerly part of Express Scripts’ headquarters, reflecting a transition to Solutions Management Group, with Avison Young leading the brokerage team including Omer Malik, Mike Carlson, Jay Travis, and Ben Albers.
On the Map
$5,400,000
$23/SF
Office
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Players
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
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93