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Goldman Group Acquires Former One AT&T Center Office Building In St. Louis For $3.6M
SOLD
$3,600,000
Missouri
See Similar DealsOffice1,460,000 SF
Sold 04/11/2024
SOLD
Goldman Group Acquires Former One AT&T Center Office Building In St. Louis For $3.6M
909 Chestnut Street
See Similar DealsOffice1,460,000 SF
Sold 04/11/2024
Summary
MISSOURI
Asset Type:Office
Price Per Square Foot:$2
Total Square Footage:1,460,000 SF
Transaction Type:Sale
The property located at 909 Chestnut Street in St. Louis, MO is an office asset that recently sold for $3,600,000. The asset spans a total of 1,460,000 square feet, translating to a price per square foot of approximately $2.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,600,000
- Address: 909 Chestnut Street
- Market: St. Louis, MO
- Buyer: Goldman Group
- Sale Date: 04/11/2024
This transaction involved the former One AT&T Center, which was previously sold for $205 million in 2006, highlighting a significant decrease in its market value over the years.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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