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

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.