Back to portfolio · Earth City, MO · St. Louis market
Just Closed · 20264061 Wedgeway Court
Multi-tenant infill industrial in Earth City — St. Louis County's premier logistics submarket — fully leased on staggered leases and acquired below replacement cost.
- Market
- Earth City, MO
- Building Size
- 43,426 SF
- Asset Type
- Industrial
- Status
- Owned
What we saw
Multi-tenant infill industrial in Earth City, a St. Louis County logistics submarket. At acquisition, the 43,426-square-foot building was fully leased on staggered leases and acquired below replacement cost.
How we approach ownership
For a multi-tenant building, our firm-wide approach is lease by lease: retain good tenants, make disciplined leasing decisions and reserve capital for the work a long hold can require.
Detailed deal-level economics are shared privately with accredited investors — not as public performance case studies.
Building specifications
- Tenancy
- Multi-tenant industrial
- Occupancy
- Fully leased
- Year Built
- 1984
- Lot Size
- 4.88 acres
Market snapshot
St. Louis, MO–IL · CoStar, 2026 Q1
- Vacancy
- 5.4%
- Asking rent
- $7.42/SF
- Net absorption (12 mo)
- -2.9M SF
- Market cap rate
- 8.8%
Property gallery
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Owned or previously owned by Bluebird-affiliated entities and provided for illustrative purposes only. Market data sourced from CoStar (2026 Q1). Not an offer to sell or a solicitation to buy securities. Past performance does not guarantee future results.
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