Opportunity:
The Rider Trail South Building is 100% leased to Sara Lee Bakery Group, Inc., a division of Sara Lee Corporation, on a five year lease that expires in 2011.  The below market rent provides upside upon expiration.   Attractive features of the building include abundant parking with an 8.5/1,000 parking ratio, a backup generator on-site, a raised-floor computer room, fiber-optic directly to the building, very efficient floorplates, entitlements to expand the building by more than 20%, and the purchase price is a discount to replacement costs. 

Rider Trail is located in the Earth City submarket of St. Louis which at acquisition had an 11% vacancy and was one of the stronger suburban submarkets with significant net absorption in 2005.  It is situated adjacent to an I-70 interchange, about 10 minutes from the St. Louis airport.

View a detailed map of this property (MapQuest). Property: Suburban Office Building, Class A, Two-Story Size: 96,495 RSF on 11.9 Acres Built: 1998 Purchased: June, 2006 Ownership: Westminster Rider Trail LLC, owned 100% Fund VI At Acquisition: Cost: $12,550,000 Occupancy: 100% Cost per SF: $130 ← Return to previous section Click the images below for an enlarged view: By using this website, you acknowledge that you have read the terms and conditions, and will be bound by the terms hereof. Copyright ©2010 The Westminster Funds ®. All rights reserved.