THREE STORY CLASS A OFFICE BUILDING 90,000 SF NRA ON 17.56 ACRES 11 ACRES OF ADDITIONAL GREENSPACE I
OFFERING PRICE: $22,985,000New Absolute NNN Lease Investment Opportunity
Nooter Eriksen, Inc.
1509 Ocello Drive
Fenton (St. Louis County), MO 63026
Strategically Located: Fenton, MO, located just 16 miles SW of
the St. Louis CBD, is a major commerce/industrial area within the
St. Louis MSA characterized by stable occupancy rates, diverse
tenant base, & well above average household demographics.
Building: A three-story, Class A, corporate and world Head
Quarters office building containing 90,000-sf of net rentable area.
The building was completed in 2002 and is located on a 17.56-
acre site. An additional 11.0 acres of undeveloped green space
situated next to the property will be included in the transaction.
Tenant & Lease Guarantor: Headquartered in Fenton, MO, Nooter
Eriksen traces its beginning to 1892 and today is the world’s largest
independent supplier of Natural Circulation Heat Recovery Steam
Generators (HRSGs) for power plants. Its parent company, and
Lease Guarantor, CIC Group, Inc., is a holding company of diversified
commercial and industrial businesses, providing services and
resources to the engineering services, construction, metal injection
molding, metal product fabrication, and metal spraying industries.
The company’s customers operate primarily in the oil and gas,
chemical, and electric power industries. Revenues for the Lease
Guarantor in 2006 exceeded $840MM.
Lease Term: 15 years (matures June 30, 2022) with four, five-year
renewal options.
Lease Type: Absolute NNN. No Landlord responsibilities whatsoever.
Annual Net Income: $1,494,000 ($16.60 psf) with cumulative CPI
increases every five years not to exceed 7.375%
.
Contact Phone Number: 702-882-8657
Contact E-mail address: jjarelldlgrealty@yahoo.com
Brokerage Name: DLG Realty & Investments
Submitted by: admin
Property ID Number: 98
Property ID Name: Nooter Erickson Office
Added: Wed May 14 2008

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