1842-1856 Craig Park Ct StSt. Louis, MO 63146

Property Details for 1842-1856 Craig Park Ct St

Year built

1980

Lot size

2.45 AC

Property size (Sq ft)

73,774 SF

Property type

Warehouses

Property subtype

Office properties

Description

This exceptional investment opportunity comprises two fully leased industrial properties totaling 73,774 square feet in high-demand St. Louis submarkets. The portfolio includes the Craig Park Tech Center (42,124 sq ft, 40% office/60% warehouse, built 1986, 2.45 acres, G zoning, 15' ceiling height, 6 loading docks, 3 drive-ins, 3.3 parking spaces per 1,000 sq ft) and the Dielman Tech Center (31,650 sq ft, 51% office, built 1980, 3.19 acres, M3 zoning, 14' ceiling height, 6 loading docks, 5 drive-ins, 3 parking spaces per 1,000 sq ft). Both properties boast excellent highway access to I-270, Hwy 364, and Innerbelt 170, placing them within easy reach of major transportation arteries and Lambert International Airport. The buildings feature masonry construction and offer triple-net lease structures with staggered lease expirations, ensuring a stable income stream. Current occupancy is 100%, providing immediate cash flow with upside potential for rental rate increases as leases renew. The portfolio benefits from a strong tenant base, including a major user with a lease expiring in 2026. This presents a rare chance to acquire a well-positioned, high-performing asset in a thriving St. Louis market with low vacancy rates. The properties are located at 1842-1856 Craig Park Court, St. Louis, MO 63146 and 9355-9375 Dielman Industrial Drive, Olivette, MO 63132. The combined Net Operating Income (NOI) is $643,795.

Location Insight

City

St. Louis

County

St. Louis

State

Missouri

Latitude

38.6939

Longitude

-90.4418

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