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42 Grandview Plaza Shopping...

Legacy Realty Group Advisors Sells Florissant Shopping Center For $13.5M
SOLDRetail

Legacy Realty Group Advisors Sells Florissant Shopping Center For $13.5M

42 Grandview Plaza Shopping Ctr

$13,500,000

$45/SF

Building Size

297,257 SF

Asset Type

Retail

Closing

Jun 4, 2024

AI

The Legacy Realty Group Advisors facilitated the $13.5 million sale of Grandview Plaza, a Florissant shopping center located at 42 Grandview Plaza Shopping Center. The property spans 297,257 square feet and is anchored by Schnucks and Old Time Pottery in the Florissant, MO market.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $13,500,000
  • SF: 297,257
  • PPSF: $45
  • Address: 42 Grandview Plaza Shopping Center
  • Market: Florissant, MO

The buyer's representatives in this transaction were Ari Warshaw, Daniel Baruch, and Jonah Warshaw from Legacy Realty Group Advisors. On the other side, representing the seller were Chase Young and Mike Joyce from CBRE.

Players

Daniel Baruch

Legacy Realty Group Advisors

Broker

$525.8M

vol

25 deals

Broker

Florissant 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

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93