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157 Hughes Lane

Marcus & Millichap Facilitates $5.2 Million Sale Of O2B Kids Retail Properties In Missouri
SOLDRetail

Marcus & Millichap Facilitates $5.2 Million Sale Of O2B Kids Retail Properties In Missouri

157 Hughes Lane & 1000 Wyndgate Ridge Drive

$5,200,000

$194/SF

Building Size

26,734 SF

Asset Type

Retail

Closing

Jan 7, 2025

AI

The sale involves two net-leased retail properties located at 157 Hughes Lane and 1000 Wyndgate Ridge Drive in the markets of Saint Charles and Lake Saint Louis, MO. The properties feature a combined square footage of 13,367 and were sold for a total price of $5,200,000, resulting in a price per square foot of $389. These properties are under a 20-year triple-net lease and were constructed in 1997 and 2006, respectively.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,200,000
  • Square Footage: 13,367
  • Price Per Square Foot: $389
  • Address: 157 Hughes Lane & 1000 Wyndgate Ridge Drive
  • Market: Saint Charles & Lake Saint Louis, MO

The transaction was facilitated by Dominic Sulo, representing Marcus & Millichap in the deal. The brokerage played a key role in the successful sale of the two properties, which are leased to O2B Kids, highlighting their expertise in retail property transactions in the area.

Players

Dominic Sulo

Marcus & Millichap

Broker

$148.8M

vol

22 deals

Broker

Saint Charles 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

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93