Thomas W. Hough Acquires Retail Property In St. Louis For $4M
11714 Manchester Road
$4,000,000
Building Size
—
Asset Type
Retail
Closing
Nov 21, 2023
About this deal
AI
Carrollton Bank has acquired a strip shopping center adjacent to its Des Peres location in St. Louis, MO. The property, located at 11714 Manchester Road, was sold for $4 million. This acquisition has sparked speculation about potential plans for constructing a larger bank building.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,000,000
- Market: St. Louis, MO
- Buyer: Thomas W. Hough - Carrollton Bank
Thomas W. Hough from Carrollton Bank represented the buyer in this transaction.
The retail sale at 11714 Manchester Road in Saint Louis, Missouri sold for $4M in 2023. 11714 Manchester Road is classified as Retail on Traded. Named participants on the 11714 Manchester Road sale are Thomas W. Hough. This page is the Saint Louis, Missouri file for the 11714 Manchester Road retail sold: pricing, party profiles, and other closed retail comps from the same Saint Louis sit in the Market section below. Filter that Saint Louis retail set by closing date to see what else sold near 11714 Manchester Road around 2023. Published consideration for 11714 Manchester Road is $4M, dated 2023. Cite this Thomas W. Hough Acquires Retail Property In St. Louis For $4M sale when underwriting similar retail product around Saint Louis, Missouri.
On the Map
$4,000,000
Retail
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Players
Saint Louis Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93