Marcus & Millichap Brokers $22.1M Sale Of Cave Springs Shopping Center In St. Peters, MO
4025 Veterans Memorial Parkway
$22,100,000
$125/SF
Building Size
176,804 SF
Asset Type
Retail
Closing
Apr 2, 2025
AI
The property involved in this closed transaction is a retail asset located at 4025 Veterans Memorial Parkway in St. Peters, MO. The sale was finalized at a price of $22,100,000, with the total square footage of the property measuring 176,804. The price per square foot for this transaction was $125.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $22,100,000
- Address: 4025 Veterans Memorial Parkway
- Market: St. Peters, MO
- Square Footage: 176,804
- Price Per Square Foot: $125
Craig Fuller, Erin Patton, and Scott Wiles from Marcus & Millichap represented the transaction, facilitating the sale of Cave Springs Shopping Center, a power center located in suburban St. Louis.
Players
Saint Peters 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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93