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6065 Telegraph Road St. Lou...

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

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

Alex Perez

Marcus & Millichap

Broker

$61.4M

vol

11 deals

Broker

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