Fenton, Missouri – June 6, 2017 – A 32,500 Sq. Ft. office/warehouse was recently sold in less than five months by Hilliker Corporation, indicating a strong industrial real estate market.
The property was sold for $1,700,000.00. The building was 80% occupied at the time of the sale.
This was an investment sale of a multi-tenant, office/warehouse building which contains ten bays. The near-immediate turnaround time shows the current high demand in the investment real estate market.
The 33 year-old office/warehouse building is located at 255-273 Wolfner Drive, Fenton, Missouri near Interstate-44.
Scott Martin of Hilliker Corporation represented the seller, Future 44 Company, LLC , and The Johnson Group represented the buyer, E. B. Holdings, LLC.
Hilliker Corporation has been highly successful in representing other clients on multi-tenant investment sales.
Hilliker Corporation was founded in 1985 and is St. Louis’s largest independently owned commercial real estate company. The firm has completed more than 10,000 transactions to date for industrial, office, retail and institutional clients. Hilliker Corporation is located at 1401 S. Brentwood Blvd, St. Louis, Missouri.