STREAM Arranges $1.75M Sale of Bank of America Ground Lease in Saint Louis Metro Area
STREAM Capital Partners has arranged the $1.75 million sale of a Bank of America ground lease in Florissant, Missouri.
Just minutes from Downtown Saint Louis, the 5,100 square foot property is located at 109 E. Highway 50 in Florissant. The lease has ten years remaining and periodic rent increases.
STREAM Capital Partners received five full asking price offers within one week of marketing. Phil DiGennaro, Jordan Shtulman, and Jonathan Wolfe of STREAM Capital Partners represented the seller on the transaction.
“The long operating history, record of bank deposits, and location were the main factors driving the competitive process. The buyer was in a 1031 exchange and closed all cash after a short due diligence period,” said DiGennaro.