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FOR SALE/LEASE105,000 SF BACK OFFICE / CALL CENTER100 Mall Parkway, Wentzville, MO 63385
Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Property Highlights
Cushman & Wakefield is pleased to offer for sale or lease, on behalf of the Property’s Ownership, the 100% fee
simple interest in the Condominium Unit C at 100 Mall Parkway, consisting of 104,642 square feet of office space
with 89,507 SF coming available on July 1, 2018. Adjacent Condominium Unit D (68,700 square feet) is
100% occupied and available for sale with Condominium Unit C. Call broker for details.
Property Highlights
• Exceptional Location – Located in St. Charles County, MO at the I-70/I-64 Interchange, 100 Mall
Parkway enjoyed unsurpassed visibility and access. Further, the Property is surrounded by a number of quality
retailers, notable public companies, hospitals, universities, and a wide range of entertainment/recreation
options. The City of Wentzville remains the fastest-growing City in the entire State of Missouri, adding
approximately 2,000 people to the population base each year.
•Premier Office Market – The St. Charles County office market has experienced unparalleled growth over
the past few decades. With an ever-growing workforce and excellent location, the St. Charles County I-64
corridor is known as the High-Tech Corridor of Missouri.
•Quality Call Center/Back-Office Space – A planned Serco, Inc. vacation of Condominium Unit C in June
2018 creates an exceptional opportunity for a tenant, owner/user, or user/investor to occupy a virtually plug-
and-play call center with high quality office finishes and significant infrastructure in place.
Property OverviewAddress: 100 Mall Parkway
Wentzville, MO 63385
Total Square Feet: 104,642 SF in Condo C; Part of 343,400 SF multi-use complex
Square Feet Available: 89,507 SF available July 1, 2018 to owner/user or tenant
Square Feet Leased: 15,135 SF leased through March 31, 2023*
Personal Property: Approximately 800 workstations (excluding chairs)
Year Built: 1983 with subsequent extensive renovations
Parking: 1,477 common parking spaces for the complex
Roof: TPO (flat surfaces); EPDM (gabled surfaces)
Back-up Power: 500 KW diesel-powered generator with 24 hour run-time tank
Fiber Optics:
Charter Spectrum fiber service & CenturyLink fiber service in building with 10 gigabite point-to-point capability. Copper and fiber infrastructure fed through several Intermediate Distribution Frames (IDF) from central Main Distribution Frame (MDF). Each IDF has Liebert temperature and humidity control. MDF room includes 2 Liebert units, dry-pipe sprinkler system and FM-200 fire sup-pression system
HVAC: Direct Digital Controlled (DDC) energy management system (EMS) with Graphic User Interface (GUI) and economizers that import outside fresh air.
Fire Protection: Upgraded 8-zone sprinkler system including optional gated card reader access.
Security System: Includes CCTV monitoring of key areas with 32 channel and 16 channel DVR and panned tilt zoom (PTZ) cameras on all exterior building corners
Signage: Building signage available plus digital billboard/monument sign visible from I-70.
Current Zoning: Planned Development-Mixed Use (PD-MX) in City of Wentzville
Location: At the junction of I-70 and I-64, with access via Route A from I-70, and im-proved access from I-64 via Prospect Road interchange
Visibility: Prominent I-70 visibility
2017 Real Estate Taxes: $55,197.83 (Unit C)
Lease Rate: $7.25/SF NNN for 89,507 SF (Available July 1, 2018)
Sale Price: $6,800,000* ($65/SF for 104,642 SF Unit C)**
*Lease Information for 15,135 SF Tenant Available Upon Request** Adjacent Condominium Unit D (68,700 square feet) is 100% occupied and available for sale with Condominium Unit C. Call broker for details.
Site Plan
MALL PKWY
CR
OS
SW
IND
S D
R
S C
ALLA
HA
N R
D
Suite 10068,739 SF
(Suite 200)
Not Included in SaleNot Included in Sale
SF
*Condominium Unit D (68,700 square feet) is 100% occupied and available for sale with Condominium Unit C
(optional). Call broker for details.
104,642 SF
/Lease Offering
*
Floor Plan
UNIT D 100% Leased
NOT INCLUDED IN SALE/LEASE OFFERING
AVAILABLE July 1, 201889,507 SF
15,135 SF Suite100% Leased*
*Lease Information Available Upon Request
UNIT C
Keith SchneiderSenior Director +1 314 520 2747 [email protected]
1551 Wall Street, Suite 200 St. Charles, MO 63303main +1 636 949 9797 fax +1 636 949 8955cushmanwakefield.com
Joe SchneiderAssociate +1 636 578 6069 [email protected]
Keith SchneiderSenior Director +1 314 520 2747 [email protected]
1551 Wall Street, Suite 200 St. Charles, MO 63303main +1 636 949 9797 fax +1 636 949 8955cushmanwakefield.com
Joe SchneiderAssociate +1 636 578 6069 [email protected]
RESTAURANTS
1. Penn Station
2. Culver’s
3. Chick-fil-A
4. Hardee’s
5. Jack in the Box
6. Arby’s
7. Steak ‘n Shake
8. Taco Bell
9. Sakura Hibachi & Sushi Grill
10. Starbucks
11. 54th Street Grill & Bar
12. White Castle
13. Panda Express
14. Pizza Hut
15. St. Louis Bread Co.
16. Ruby Tuesday
17. Bob Evans
18. Olive Garden
19. IHOP
20. Lion’s Choice
21. McDonald’s
22. Stefanina’s Pizzeria
23. Papa John’s
24. Subway
25. Los Portales
26. Hotshots Sports Bar & Grill
27. Stone Summit Steak & Seafood
28. The Tattooed Dog
29. Tommy D’s Pizza
30. Dairy Queen
31. Friendship Brewing Company
32. West Allen Grill
33. Yo! Salsa
34. Unkorked Wine Garden
35. Andoro’s Pizza
36. Pete’s Drive-In
37. Rikerly’s Place
RETAIL
38. Petsmart
39. Michaels
40. DICK’S Sporting Goods
41. Home Depot
42. Schnucks
43. Verizon
44. Dollar Tree
45. Walmart
46. Kohl’s
47. Best Buy
48. Save-A-Lot
49. Walgreens
50. Olive Tree Market Place
51. Van’s Hallmark Shop
52. Ellbee’s General Store
53. Dierberg’s
70
70
64
A
Z
2
3
1
5
4
6
7 8 9
10
1112
1314
151617
18 20
2122
23
1924
25
30
29
2627
28
33
3231
34 35 36
37
38
4039
41
42
43
44
45
46
4748
49
5051 52
53
Location Amenities
GM Assembly Plant
SITE
St. Louis Market Overview
ST. LOUIS OFFICE
Overall Vacancy
Overall Net Absorption/Overall Asking Rent 4-QTR TRAILING AVERAGE
Market Indicators (Overall, All Classes) Q4 16 Q4 17 12-Month
Forecast
Vacancy 12.1% 11.7%
Net Absorption (sf) 179k 282k
Under Construction (sf) 515k 2.18m
Average Asking Rent* $19.52 $19.61
Economic Indicators Q4 16 Q4 17 12-Month
Forecast
St. Louis Employment* 1,372k 1,404k
St. Louis Unemployment* 4.6% 3.4%
U.S. Unemployment 4.7% 4.1%
$18.00
$18.25
$18.50
$18.75
$19.00
$19.25
$19.50
$19.75
$20.00
-150,000
-50,000
50,000
150,000
250,000
2010 2011 2012 2013 2014 2015 2016 Q4 17
Net Absorption Asking Rent, $ PSF
11%
13%
15%
17%
19%
2010 2011 2012 2013 2014 2015 2016 Q4 17
Historical Average = 14.8%
*Q4 data based on the average of October and November values
Economy
In 2017 St. Louis added 12,400 jobs as the seasonally adjusted
unemployment rate dropped to 3.4%, the lowest level in 18 years. This
marks the 31st consecutive month that St. Louis’s unemployment rate
remained below the national rate, which currently sits at 4.1%. Office-
using employment remains strong as 4,800 jobs were created this
year, almost double the amount generated in 2016. Average weekly
earnings have risen by 3.0% over the past two years, helped by
tightening labor market fundamentals. Moody’s forecasts continued
employment growth for the St. Louis MSA over the next two years with
unemployment remaining under 4.0%.
Market Overview
The St. Louis office market experienced 815,000 square feet (sf) of
positive absorption in 2017 which included the completion of several
build-to-suit projects totaling 417,000 sf. Absorption in both 2016
and 2017, 849,000 sf and 815,000 sf respectively, are more than
double the historical average annual absorption of 380,000 sf. By the
end of the fourth quarter, vacancy had dropped to 11.7%, more than
260 basis points lower than at the end of 2015. Construction activity
increased significantly in the past year with 2.2 million square feet
(msf) under construction, of which 86.1% is build-to-suit. Demand for
additional office space continues to grow, leading to new construction
announcements and driving increased rents.
Class A Contiguous Space FEW LARGE BLOCKS OF CLASS A SPACE AVAILABLE
0
2
4
6
8
10
12
City Clayton North County SouthCounty
St. CharlesCounty
West County
# of
Bui
ldin
gs
30k+ 50k+ 80k+
KEITH SCHNEIDER, CCIM, SIORSenior Director, Brokerage (Cell) 314 520 2747
JOE SCHNEIDERAssociate, Brokerage (Cell) 636 578 6069
FOR MORE INFORMATION:1551 Wall Street, Suite 200 St. Charles, MO 63303 main +1 636 949 9797 fax +1 636 949 8955cushmanwakefield.com
