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THREE STORY CLASS A OFFICE BUILDING 90,000 SF NRA ON 17.56 ACRES 11 ACRES OF ADDITIONAL GREENSPACE I

OFFERING PRICE: $22,985,000


New 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%

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Contact Person's Name: James Jarrell
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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