Daily limit: 0/10
Legacy Realty Group Advisors Sells Florissant Shopping Center For $13.5M
SOLD
$13,500,000
+ 2
Missouri
See Similar DealsRetail297,257 SF
Sold 06/04/2024
SOLD
Legacy Realty Group Advisors Sells Florissant Shopping Center For $13.5M
42 Grandview Plaza Shopping Ctr
See Similar DealsRetail297,257 SF
Sold 06/04/2024
+ 2
Summary
MISSOURI
Asset Type:Retail
Price Per Square Foot:$45
Total Square Footage:297,257 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$720,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,996.89
Annual Debt Service$767,962.65
Is there something missing? Send suggestions