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.
Saint Charles Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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