Hilliker Brokers team up to sell 7.1 Acre Site in Chesterfield Valley!
Hal Ball and Jake Shepley handle the sale, and Patrick McKay the purchase
St. Louis (Sept. 29, 2022) – Edison South LLC, the seller, sold this commercial property to Edison Partners LLC to build an 80,000-square-foot office / warehouse building. The property is located at 17970 Edison Ave., Chesterfield, MO 63005. This vacant lot is adjacent to Spirit of St. Louis Airport, and the sale was brokered by Hal Bal and Jake Shepley, both of Hilliker Corporation. One of the advantages of engaging Hilliker Corporation is the company’s ability to broker buy/sell agreements internally. Edison Partners LLC was represented by Patrick McKay, also of Hilliker Corporation.
Hello. Hal Ball here.
And Jake. Shepley here with Hilliker Corporation. Commercial real estate. And last week we sold another property. What did we sell, Hal?
Well, Jake, we sold seven acres of ground here on Edison Avenue in beautiful Chesterfield Valley. St. Louis County, Missouri. The property is zoned commercial, and we sold it for $1.6 million, which is $225,000 an acre, about $5.15 cents per square foot.
Wow. Great deal. And Hal and I represent the sellers of the property. And whoa, what a coincidence. Here comes Patrick McKay, who represented the buyers.
My client is in the warehouse and distribution business in a lease facility, and he decided that he would like to own his own property. So we went out to the market and looked at numerous warehouse properties throughout St. Louis City and St. Louis county. And when we could not come up with a property that suits his exact needs, he has decided to build his own facility to his exact criteria. So we found this site here in Chesterfield, Missouri, and picked the seven acre site and just closed on a week ago. And the buyer should be breaking ground within the next six to eight months on his new facility here.
Wow, Patrick, that’s great. Your buyer is happy, our sellers are happy. We at Hilliker made another great real estate deal. So if you need to sell your commercial site in St. Louis county or buy a site, give us a call, because we’re really good at this. Otherwise, we’ll see you with the next great Hilliker deal.
About Hilliker Corporation:
The Entrepreneur’s choice for commercial real estate services in the St. Louis region. Hilliker guides business owners through their needs at each stage of the business life cycle. Since 1985, Hilliker Corporation has brokered more than 10,000 transactions including sales and leases of industrial, office, institutional, retail and investment properties. To learn more, please call, (314) 781-0001.
About Westwood Net Lease Advisors
When it comes to selecting a commercial real estate brokerage firm to help you invest your money, you need advisors, not salespeople. Like no other triple net company in the United States, the Westwood team focuses on representing and advising buyers who seek to acquire NNN lease properties for the first time, seasoned commercial real estate investors, and those who wish to use the 1031 exchange. When you engage Westwood to help you with NNN investing, we guide you through the process from the risk assessment all the way through closing – at no cost to you. Contact us today for your no-obligation consultation. 314-997-5227