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Prudent Growth Partners Acquires Tori Pines Plaza In Oakville For $3.9M

Property Image
SOLD
$3,900,000
Alex Perez
Chris Garavaglia

Missouri

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Retail24,000 SF
Sold 08/11/2023
the dealplayerscompscontact
Property Image
SOLD

Prudent Growth Partners Acquires Tori Pines Plaza In Oakville For $3.9M

6065 Telegraph Road St. Louis, Missouri 63129, USA

See Similar Deals
Retail24,000 SF
Sold 08/11/2023
Alex Perez
Chris Garavaglia
the dealplayerscompscontact
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Summary

MISSOURI
Asset Type:Retail
Price Per Square Foot:$162
Total Square Footage:24,000 SF
Transaction Type:Sale

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

Alex Perez
Marcus & Millichap
Alex Perez
11 deals$61.4M volume(314) 889-2525
BROKER
Chris Garavaglia
Marcus & Millichap
Chris Garavaglia
9 deals$52M volume(314) 889-2552
BROKER

Details

SOLD
IMAGE: Alex Perez & Chris Garavaglia DATE: 08/11/2023 ADDRESS: 6065 Telegraph Road MARKET: St. Louis, MO ASSET TYPE: Retail SELLER: Parcfront Group LP BROKERS: Alex Perez & Chris Garavaglia - Marcus & Millichap SALE PRICE: $3,900,000 SF: 24,000 ~ PPSF: $163 NOTE: 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 in Oakville, south St. Louis County.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$208,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88