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South County Mall Anchor M LLC Acquires Retail Space From Macys Retail Holdings LLC For $2M
SOLD
$2,000,000
Missouri
See Similar DealsRetail1,030,000 SF
Sold 06/16/2025
SOLD
South County Mall Anchor M LLC Acquires Retail Space From Macys Retail Holdings LLC For $2M
10 South County Center
See Similar DealsRetail1,030,000 SF
Sold 06/16/2025
Summary
MISSOURI
Asset Type:Retail
Price Per Square Foot:$1
Total Square Footage:1,030,000 SF
Transaction Type:Sale
The property involved in this transaction is a retail asset located at 10 South County Center in St. Louis, MO. The sale was finalized at a price of $2,000,000, covering a total area of 1,030,000 square feet, which translates to a price per square foot of $2.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,000,000
- Buyer: South County Mall Anchor M LLC
- Seller: Macys Retail Holdings LLC
- Date of Sale: 06/16/2025
This transaction marks Macy’s effort to divest from underperforming locations, resulting in the sale of its shuttered store within the South County Center. The buyer, South County Mall Anchor M LLC, is now the new owner of the asset.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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