Marcus & Millichap Sells Retail Properties For Plaza Tire Service In Kirkwood And Warrenton For $5.17M
915 South Kirkwood Road & 907 Steinhagen Road
$5,169,230
$221/SF
Building Size
23,310 SF
Asset Type
Retail
Closing
Jun 10, 2025
AI
The transaction involved two retail locations at 915 South Kirkwood Road and 907 Steinhagen Road in the Kirkwood and Warrenton market of Missouri. The combined sale price for the properties was $5,169,230, with a total square footage of 11,655, translating to a price per square foot of $444. The properties are leased to Sun Auto Group, which offers stability for the buyer given the strong demand for retail assets with long-term leases.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,169,230
- Sale Date: 06/10/2025
- Address: 915 South Kirkwood Road & 907 Steinhagen Road
- Market: Kirkwood & Warrenton, MO
- Square Footage: 11,655
- Price Per Square Foot: $444
- Broker: Ken Jacobsmeyer - Marcus & Millichap
Ken Jacobsmeyer represented Marcus & Millichap in this transaction, which involved the sale of two Plaza Tire Service locations. The deal reflects the increasing interest in retail properties that are backed by long-term leases, showcasing the market's current dynamics.
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
3.07%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93