$18,000,000 - St. Louis, MO

Office

Challenge
Vacant Single Tenant Office Building

One Community Centre is a ten-story single tenant office building on 13 acres located 20 minutes from downtown St. Louis, Missouri.

Solution
In a decisive move, the seller opted to bypass the conventional brokerage market and place the building up for sale at auction, saving millions in annual carrying costs.

Sheldon Good & Company was retained to create a deadline in the marketplace and utilize its international auction platform to reach potential buyers.

Results

  • 25 building tours
  • 14 bidders
  • Anheuser-Busch, AT&T, and Edward Jones were among the bidders.  The bidding escalated to 360% over the opening bid.

Sold for $18,000,000

    One Community Centre

Click below to have an auction representative contact you about selling your property.