Industrial Property for Sale in St. Louis, MO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: St. Louis, MO 63137
  • Year built: 1950

Description

Clark Properties Riverview Industrial Center Marcus & Millichap is pleased to present the opportunity to acquire the Riverview Industrial Center situated at 9215 Riverview Drive in Saint Louis, Missouri. The subject property consists of approximately 210,754 square feet of industrial space across 25.48 acres of land. The fully leased multi-tenant asset is anchored by Home Depot USA, Inc. The property features three suites, 12 dock-high doors, five grade-level doors, one city-high door and seven rail-access doors, a clear height ranging from 12’ to 43’, three-phase power with 1,200 amps, and an actively used BNSF rail spur. Additionally, the building’s coverage ratio of 19 percent makes the property ideal for outdoor storage use, which the tenants heavily utilize. Conveniently positioned along the Mississippi River, the property has proximate access to Interstates 270 and 70. With the property containing qualities that allow for specialized shipping activities, the anchoring tenant is relatively less sensitive to rent increases. Given the inflationary environment, rising industrial vacancy rates, and slowing rent growth, owning specialized assets that give landlords more pricing power over rents is growing in importance. Home Depot has occupied the property since 1998 and leases 42 percent of the asset to conduct storage and rail shipping of bulk goods, primarily lumber. In addition to the benefits of owning a specialized asset in today’s economy, this sale offers national investors the opportunity to claim a stake in a market whose fundamentals outperform most of the top markets across the nation. At 4.2 percent, the industrial vacancy rate in Saint Louis sat 340 basis points lower than the national average during the second quarter of 2025. Tighter availability has allowed Saint Louis to also sustain a higher level of annual rent growth at 4.2 percent, more than doubling the national average of 2.0 percent. As the second quarter came to a close, there were 4.1 mill

Market Context

This industrial in St. Louis, MO is listed for sale. It is offered at an approximate 6.1% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1950. It has been on the market for 68 days. Compare it against other industrial listings for sale in St. Louis, MO — <a href="/search/sale/industrial/missouri/st-louis">view the full market</a>.

As of Q4 2024, the St. Louis industrial market showed average asking rents near $5.60/SF/yr, and cap rates around 7.5%. Source: Consensus Q4 2024 market report.

Its 6.1% asking cap rate is below the St. Louis industrial market average of about 7.5%, reflecting premium pricing relative to comparable assets.

Industrial market FAQ

What is the typical cap rate for industrial in St. Louis?
About 7.5% as of Q4 2024, per Consensus.

Unified Estimate

Medium Confidence

$4.76/SF – $6.44/SF

Mid: $5.60/SF

Rate estimator only; cost-of-business estimate unavailable.

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