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Monkey Building 1426-1432 Washington Ave

27,045 SF 83% Leased Office Building Saint Louis, MO 63103 $1,495,000 ($55/SF) 10.62% Cap Rate

Investment Highlights

  • Located on a major street in Downtown St. Louis.
  • Near new National Geospatial Agency HQ.
  • Close to light rail system and professional sports venues.
  • Near municipal, civil and federal court houses.
  • Located in vibrant mixed-use neighborhood amongst condos, hotels, restaurants & convention center.

Executive Summary

Investment or owner-user opportunity. This property is ~18% vacant with room for rent growth. This property was last appraised in 2016 for $3.8M and was gut-renovated ~2007 when the following was installed new: HVAC; plumbing (including new sewer & water taps); electric service including new service and meters; new fire sprinkler heads, tap and back-flow; new life-safety devices; new gas service to specific retail tenant spaces; new roof; new windows; new storefronts; new sound abatement technology and self-leveling concrete floors; new structural steel; new elevator; new door/building access systems; ... and more.
The property is located just west of the Central Business District (CBD) and the Gateway Arch in the heart of St. Louis' Loft/Garment District. It is across the street from the newly renovated The Last Hotel, and it's around the corner from the newly renovated 21c Museum Hotel-St. Louis. It is very close to the municipal courts, the civil court house, & the federal court house. It is 1.5 miles from the new $1.7B United States National Geospatial-Intelligence Agency West facility, or Next NGA West.

Property Facts

Sale Type
Investment
Sale Conditions
1031 Exchange
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
27,045 SF
Building Class
B
Year Built
1879
Price
$1,495,000
Price Per SF
$55
Cap Rate
10.62%
NOI
$158,769
Percent Leased
83%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
9,015 SF
Slab To Slab
14’
Building FAR
2.82
Lot Size
0.22 AC
Zoning
I - I - Central Business District
Parking
171 Spaces (5.7 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Conferencing Facility
  • Dry Cleaner
  • Fenced Lot
  • Signage
  • Bicycle Storage
  • Central Heating
  • High Ceilings
  • Plug & Play
  • Secure Storage
  • Shower Facilities
  • Wi-Fi
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 102
  • 2,400 SF
  • Office
  • Full Build-Out
  • Now

Fully built-out plug & play office in the historic Washington Avenue/Garment District in downtown St. Louis, MO.

  • 1st Fl-Ste 1426
  • 836 SF
  • Office/Retail
  • Full Build-Out
  • Now

Small ground floor space on Washington Avenue (rare). Landlord will start tenant at low rent to begin lease. Private restroom. Plug & play space.

  • 1st Fl-Ste 1432
  • 857 SF
  • Retail
  • Full Build-Out
  • Now

For lease: $1500/month

  • 2nd Fl-Ste 231
  • 400 SF
  • Office
  • Full Build-Out
  • Now

Multiple small office suites and/or work stations for lease from $195/month and up in the heart of the Loft/Garment District® in downtown St. Louis.

Space Size Space Use Condition Available
1st Fl-Ste 102 2,400 SF Office Full Build-Out Now
1st Fl-Ste 1426 836 SF Office/Retail Full Build-Out Now
1st Fl-Ste 1432 857 SF Retail Full Build-Out Now
2nd Fl-Ste 231 400 SF Office Full Build-Out Now

1st Fl-Ste 102

Size
2,400 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 1426

Size
836 SF
Space Use
Office/Retail
Condition
Full Build-Out
Available
Now

1st Fl-Ste 1432

Size
857 SF
Space Use
Retail
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 231

Size
400 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 102

Size 2,400 SF
Space Use Office
Condition Full Build-Out
Available Now

Fully built-out plug & play office in the historic Washington Avenue/Garment District in downtown St. Louis, MO.

1st Fl-Ste 1426

Size 836 SF
Space Use Office/Retail
Condition Full Build-Out
Available Now

Small ground floor space on Washington Avenue (rare). Landlord will start tenant at low rent to begin lease. Private restroom. Plug & play space.

1st Fl-Ste 1432

Size 857 SF
Space Use Retail
Condition Full Build-Out
Available Now

For lease: $1500/month

2nd Fl-Ste 231

Size 400 SF
Space Use Office
Condition Full Build-Out
Available Now

Multiple small office suites and/or work stations for lease from $195/month and up in the heart of the Loft/Garment District® in downtown St. Louis.

Walk Score ®
Walker's Paradise (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 26731864

  • Date on Market: 9/28/2022

  • Last Updated:

  • Address: 1426-1432 Washington Ave, Saint Louis, MO 63103

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