Friday, November 10, 2006

Megan Crossings Retail Center: 200 Megan Avenue, O’Fallon, MO 63366

Minimum Investments Starting At $500,000.00

Megan Crossings

Property Information:

  • Property Name: Megan Crossings
  • Rentable SqFt: ± 113,820.00
  • Purchase Price: $26,880,000.00
  • Price per SqFt: $236.16 /sqft
  • Equity: $11,200,000.00
  • Loan Amount: $15,680,000.00
  • Loan-to-Value: 58.33%
  • Percent Occupied: 100.00%
  • Type: Three building, single-story retail center

Property Description:
Megan Crossings is a new 113,820 square foot, three building, single-story retail center located in the vibrant city of O’Fallon, Missouri, a western suburb of St. Louis. The Property is located in one of the premier retail corridors in both St. Louis and Missouri. The surrounding area boasts significant retailers such as Target, Lowe’s Home Improvement, Home Depot, and a Wal-Mart SuperCenter.

Top Tenants by Total Rent:
Megan Crossings is 100% occupied with national credit tenants such as Thomasville, La-Z-Boy, Office Depot, and Dollar Tree.

Please contact me for a full marketing brochure and further information regarding this investment.

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