Marketing Products, Inc. | 9728-9730 Reavis Park Dr
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Marketing Products, Inc. 9728-9730 Reavis Park Dr
10,000 SF Vacant Industrial Building Affton, MO 63123 $835,000 ($84/SF)
Investment Highlights
- Owner-User Opportunity
- Ability to Convert to Multi-Tenant Use | (5,000 SF Bays)
- Two Dock Doors - Ideal for Multi-Tenancy
- Single Tenant User - Currently Occupied til 2027
- 2,500 SF of Office Space & 7,500 SF of Warehouse Space
- Two Electric Panels - Separate Meters
Executive Summary
SRG is pleased to offer 9730 Reavis Park Dr in Affton MO, a fantastic investment/owner user opportunity in a great location. The property totals 10,000 SF (25% Office | 75% Warehouse) which is currently occupied by a single tenant user. There is a demising wall that splits the building into two 5,000 SF spaces, which has been opened in the back portion for the tenant to utilize the full 10,000 SF. They are required to repair this wall at the end of their lease term.
Further, the property contains multiple private offices (5+) & has 5 bathrooms (one of which is in the shop). The property is set up nicely for an owner-user. Owership did a number of cosemetic updates in 2020 (New Paint, Carpet in the office, LED Lighting in the warehouse etc.). We are happy to discuss a creative solution if you are an owner occupant looking to operate out of this building.
The tenant has a lease through Dec 31st, 2027 and is currently on a gross lease. They pay approximately $8.40/SF for the entire space, which is below market rent for this submarket providing an opportunity to raise rents. There are multiple strategies to add value here, whether you convert back to two (5,000 SF) spaces (In High Demand) or converting the lease to a NNN structure to shelter some of your operating costs.
Please reach out to brokers for additional information!
Further, the property contains multiple private offices (5+) & has 5 bathrooms (one of which is in the shop). The property is set up nicely for an owner-user. Owership did a number of cosemetic updates in 2020 (New Paint, Carpet in the office, LED Lighting in the warehouse etc.). We are happy to discuss a creative solution if you are an owner occupant looking to operate out of this building.
The tenant has a lease through Dec 31st, 2027 and is currently on a gross lease. They pay approximately $8.40/SF for the entire space, which is below market rent for this submarket providing an opportunity to raise rents. There are multiple strategies to add value here, whether you convert back to two (5,000 SF) spaces (In High Demand) or converting the lease to a NNN structure to shelter some of your operating costs.
Please reach out to brokers for additional information!
Property Facts
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PROPERTY TAXES
| Parcel Number | 26J-14-0033 | Improvements Assessment | $165,890 |
| Land Assessment | $42,340 | Total Assessment | $208,230 |
PROPERTY TAXES
Parcel Number
26J-14-0033
Land Assessment
$42,340
Improvements Assessment
$165,890
Total Assessment
$208,230
zoning
| Zoning Code | M1 (Commercial - Light Industrial) |
| M1 (Commercial - Light Industrial) |
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Marketing Products, Inc. | 9728-9730 Reavis Park Dr
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