Fulton Realty Capital assisted a private client in purchasing a three-building flex-industrial property southeast of St. Louis, Missouri. Fulton's team identified the 31,000 rentable square foot property, secured fixed-rate financing, and managed all negotiations.
The asset features versatile layouts with roll-up doors and direct access to each of the 24 rental units. Nearby proximity to a major interstate highway ensures easy tenant access.
Current tenants comprise a diverse mix of regional and local companies, spanning various industries. 99% occupied at closing and priced below replacement cost, the property nonetheless offers upside potential through rent escalations as current leases expire.