Linde Gas & Equipment

Doherty Houston Industrial Group is pleased to present this Linde Welding Gas & Equipment Center property located in Cahokia, Illinois, a suburb of St. Louis, Missouri. The subject property is a 4,000-square-foot facility sitting on 0.82 acres, located on Mississippi Avenue, also known as Illinois State Route 3. There are approximately seven years remaining on a triple-net (NNN) lease with one, five-year renewal option at fair market value.

This property was a build-to-suit for Praxair Distribution, Inc. in 2014. Linde and Praxair merged in October 2021 and officially became one entity, named Linde Gas & Equipment, Inc. The company is a leading global industrial gases and engineering company with 2022 sales of $33 billion. The company serves a variety of end markets including chemicals, energy & decarbonization, food & beverage, electronics, healthcare, manufacturing, metals & mining. Linde’s industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purify & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.

Cahokia is located east of the Mississippi River in the greater St. Louis metropolitan area, in St. Clair County, Illinois. St. Clair is home to both Scott Airforce Base and MidAmerica St. Louis Airport. Greater St. Louis is the nation’s 21st largest metro and is one of the largest regional economies in the United States, with a gross metro product of $173 billion. The 15-county bi-state area comprises 2.8 million residents, 1.5 million workers and 88,000 business establishments. Throughout its history, St. Louis was founded as a trading center, grew into a manufacturing powerhouse, expanded its service sector, and developed into a major tech hub. The region ranks as the third most economically diverse U.S. metro area mirroring the national industry mix. Greater St. Louis has competitive strengths in advanced manufacturing, bioscience and health innovation, digital transportation, financial and business services, and mobility and transportation.