South County Mall Anchor M LLC Acquires Retail Space From Macys Retail Holdings LLC For $2M
10 South County Center
$2,000,000
$1/SF
Building Size
1,030,000 SF
Asset Type
Retail
Closing
Jun 16, 2025
About this deal
AI
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.
On the Map
$2,000,000
$1/SF
Retail
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Players
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Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93