Patrick Lockman Acquires Retail Property In St. Louis For $13.53M
74 Grandview Plaza Shopping Ctr
$13,525,000
$45/SF
Building Size
297,257 SF
Asset Type
Retail
Closing
May 24, 2024
AI
The retail property located at 74 Grandview Plaza Shopping Center in St. Louis has been sold for $13,525,000. The asset spans 297,257 square feet, resulting in a price per square foot of $45.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $13,525,000
- Address: 74 Grandview Plaza Shopping Center
- Market: St. Louis
Patrick Lockman of MA Real Estate acquired the property from Sean Namvar. Representing the buyer in this transaction were Daniel Baruch, Ari Warshaw, and Jonah Warshaw of Legacy Realty Group Advisors.
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
1.17%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93