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
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