Clayton Plaza

7700-7750 Clayton Road Saint Louis, MO 63117

FOR SALE
Property Type:
Multi Tenant Office
FOR SALE
Amount:
Please Call Broker for Price

Last Verified:
Oct 20, 2020


Description

TOP PERFORMING SUBMARKET
• 3.8% Class A vacancy
• 25% of total St. Louis MSA lease transactions
• 412,000 SF positive absorption for the year 2019
• Maintains steady investment activity with over $1.5 Billion in new construction recently completed or underway

STABILIZED ASSET WITH UPSIDE POTENTIAL
• Currently 96% leased at rental rates below market
• Opportunity to increase square footage on existing leases by implementing BOMA’s most recent measurement standards

HIGH BARRIERS TO ENTRY
• Limited land for new office construction
• Preferred location in which to invest for institutional capital in St. Louis MSA

Clayton Submarket | St. Louis, Missouri

Building Size: 58249.0sq ft
Building Class: B
Lot Size: 1.41 acres

Map of 7700-7750 Clayton Road, Saint Louis, MO, 63117

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.