4900 Daggett Ave
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4900 Daggett Ave
50,000 SF 4-Star Office Building Saint Louis, MO 63110 $18,000,000 ($360/SF) 6.79% Cap Rate
Investment Highlights
- New Construction with total gut renovation in 2023
- Passive Triple Net Lease Structure with 9 years remaining
- Designed by HOK, an internationally acclaimed architect
- Outstanding Location in "The Hill"; one of the best neighborhoods in St. Louis
- Substantial Tenant Investment in the Property
- Winner of the 2024 Most Enhanced Award from the Landmarks Association of St. Louis
Executive Summary
Colliers and Third Man Development are pleased to present the "Kings Hill" investment opportunity at 4900 Daggett Avenue in the "The Hill" neighborhood of St. Louis, Missouri. Kings Hill is an award-winning redevelopment that was recently completed to serve as the modern headquarters for the Brown & Crouppen Law Firm, a prominent personal injury law firm in the Midwest. There are approximately nine (9) years remaining on the original 10-year triple net lease. The tenant has made a major financial investment in the redevelopment, indicating a long-term commitment to the Property
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
50,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1910
Price
$18,000,000
Price Per SF
$360
Cap Rate
6.79%
NOI
$1,222,000
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
25,000 SF
Building FAR
0.55
Lot Size
2.09 AC
Zoning
J
Parking
175 Spaces (3.5 Spaces per 1,000 SF Leased)
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Walk Score ®
Very Walkable (77)
Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 4092-00-0020-0 | Improvements Assessment | $1,799,600 |
| Land Assessment | $54,800 | Total Assessment | $1,854,400 |
PROPERTY TAXES
Parcel Number
4092-00-0020-0
Land Assessment
$54,800
Improvements Assessment
$1,799,600
Total Assessment
$1,854,400
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4900 Daggett Ave
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