The selling price was $5.7 million, or $58.44 per sf, almost $740,000 above the assessed value of $4,962,180. Financing was for $5.76 million with US Bank NA, St. Louis.

The 97,528 sf center was built in 1989. The stores sold for $3.2 million in 1993 and $4.02 million in 1997. The total occupied space in the center is 76,767 sf. Vacant space is 9,100 sf. The annual rent roll is $731,147.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.