Prudent Growth Partners Acquires Tori Pines Plaza In Oakville For $3.9M
6065 Telegraph Road St. Louis, Missouri 63129, USA
$3,900,000
$162/SF
Building Size
24,000 SF
Asset Type
Retail
Closing
Aug 11, 2023
AI
Prudent Growth Partners LLC has expanded into Missouri with its $3.9 million acquisition of Tori Pines Plaza, a 24,000-square-foot shopping center located at 6065 Telegraph Road in Oakville, south St. Louis County. The property was sold by Parcfront Group LP. The acquisition price equates to approximately $163 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,900,000
- Address: 6065 Telegraph Road, Oakville, St. Louis, MO
- Market: St. Louis, MO
The deal was facilitated by brokers Alex Perez and Chris Garavaglia of Marcus & Millichap, who represented both the buyer, Prudent Growth Partners LLC, and the seller, Parcfront Group LP. This transaction marks Prudent Growth Partners LLC's entry into the Missouri market, with the acquisition of Tori Pines Plaza.
Players
Saint Louis 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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93