Tuesday, March 3, 2015

Sale of a Bakery Building in St. Louis County, Missouri.

Sale of a Bakery Building in St. Louis County, Missouri. A food production building used for commercial making operations was sold on July 2, 2013. The 42,075 ft.² industrial building had a food production area and refrigerated warehouse space with cooler temperatures. There also was a freezer warehouse storage area. The food production facility had 2,720 ft.² of office space with an employee welfare area to accommodate employees in the commercial production of bread and pastry products. The building was located at 9769 Reavis Park , St. Louis County, Missouri 63123.The refrigerated food production facility was constructed in 1970 and situated on 2.59 acres. The freezer warehouse space addition was added in approximately 1990. The facility was listed by a real estate brokerage company in early 2012. The food production facility property was purchased by the Affton school district in July, 2012. The listed rate at the time the sale was $995,000 .The school district's intention in purchasing the refrigerated building was to use it as an annex to support the nearby high school. High School no longer had any more space to expand onto their existing building. It is not usual for the sale of refrigerated or food production buildings with freezer warehouse space or cooler to be sold to a user that does not require refrigeration capacities. The non refrigerated purchaser simply needed an industrial building located near their primary business operation for additional production capacity or additional warehouse space. Jim Cronin is a refrigerated building real estate broker from St. Louis at 314-994-0577 or e-mail J.Cronin@hawkds.com Jim was not involved in this real estate transaction.