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Sallee Development Acquires Lake St. Louis Industrial Bldg

Dutchman Realty Sells 34,000-SF Property in Hawk Ridge Business Park
December 15, 2017
Sallee Development, a Missouri-based development company, acquired a 33,796-square-foot warehouse in Lake St. Louis, MO from Dutchman Realty for $2.6 million, or about $77 per square foot.

The industrial property was built in 2002 and sits on 3.2 acres. Located at 201-215 Stag Industrial Blvd., the asset is located 38 miles west of St. Louis, accessible via Interstate 64, Interstate 70, and MO-364. Major tenants include Rexel, Boombah, and Allcom Global Services.

Newmark Grubb Zimmer represented the buyer, while the Marcus & Millichap team of Julia Evinger, Damien Yoder, Nathan Whalen and Adam O’Sullivan represented the seller.

Please see CoStar Comps #4073881 for more information on this transaction.
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