Diamond Properties Acquires Fully Leased Industrial Property in Earth City, Missouri

30,000-square-foot multi-tenant facility expands Diamond Properties’ industrial portfolio in the St. Louis market

EARTH CITY, Mo.--(BUSINESS WIRE)--Diamond Properties announced the acquisition of 13726–13738 Rider Trail North, a 30,000-square-foot multi-tenant industrial property located in Earth City, Missouri, one of the St. Louis region’s most established industrial submarkets. The property is 100% leased to three tenants: Continental Battery Company, Vestcom Retail Solutions and Stifel Financial — providing a diversified income stream.

“13726–13738 Rider Trail North is a strong fit for Diamond Properties’ investment strategy,” said Jim Diamond, CEO of Diamond Properties. “The combination of multiple established tenants, functional industrial space and a location within one of St. Louis’ most established distribution corridors provides both durable current income and opportunities for long-term value creation.”

Situated on approximately 2.2 acres, the concrete tilt-up facility features 20-foot clear heights, 10 dock doors, four drive-in doors and 30 parking spaces. The property’s configuration accommodates a range of distribution, light manufacturing and service-oriented uses.

The facility is located within Earth City Industrial Park, a more than 1,300-acre business park containing approximately 20 million square feet of industrial space. The location provides immediate access to Interstate 70, Highway 370 and Interstate 270, as well as convenient connectivity to St. Louis Lambert International Airport and the greater St. Louis metropolitan area.

Diamond Properties sees additional long-term potential in the property through its existing lease structure. Two of the property's suites are scheduled to roll in 2028, and the offering memorandum identified existing rental rates on those spaces as below prevailing market levels, creating opportunities to capture future rental growth.

Avison Young marketed the property for sale, with Ben Cahill, CCIM, SIOR, and Ford Maune handling the offering.

About Diamond Properties

Diamond Properties is a commercial real estate business located in Mount Kisco, NY that focuses on the acquisition of commercial properties with potential for substantial improvement through hands-on property management, market repositioning, and capital upgrades. Founded 1995, they have acquired 125+ properties, including office, medical, industrial, retail, self- storage, residential, lodging, and land and currently own more than 100 properties with 17 million square feet in 13 states. We continue to pursue a capital improvement and leasing program that, when combined with quality-driven customer service, has enabled us to deliver consistently high tenant satisfaction and lease renewal rates.

For more information, visit www.dpmgt.com.