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For Sale: Core-Plus Medical Office Building Investment Opportunity in St. Louis | St. Louis, MO

CBRE

WALKER MEDICAL BUILDING

Core-Plus Medical Office Building Investment Opportunity in St. Louis | St. Louis, MO

ADDRESS: 12855-12955 NORTH FORTY DRIVE, ST. LOUIS, MO

BUILDING SIZE: 129,590 RSF

YEAR BUILT: 1983; PARKING STRUCTURE ADDED 2005

OCCUPANCY: 82%

IN-PLACE NOI: $1,314,553

THE OFFERING

CBRE’s Healthcare Capital Markets is pleased to exclusively offer the Walker Medical Building (the “Property”) for purchase.  The Walker Medical Building consists of 129,590 rentable square feet across three stories plus one partial subterranean level. Located in the highly affluent West County submarket of St. Louis County, the Property is situated central to four major medical institutions – Mercy Hospital St. Louis, BJC Healthcare’s Missouri Baptist Medical Center, St. Luke’s Hospital and St. Louis Children’s Specialty Care Center.

The Property is 82% leased to a diverse tenant mix and features a surgery center with two (2) operating rooms and a cancer center with MRI, CT and a linear accelerator. Notable tenants include Mercy Health (Moody’s ‘Aa3’), DaVita (NYSE: DVA) and Urology of St. Louis (14 locations). Walker Medical Building provides the opportunity for an investor to acquire a medical office building with value-add potential in a thriving medical office market.

INVESTMENT HIGHLIGHTS

  • Central to Multiple Major Medical Institutions
  • Investment Grade-Credit, Health System and Fortune 500 Tenancy
  • Highly Affluent Submarket
  • On-Site Surgery Center and Cancer Center
  • Easily Accessible Location
  • Value-Add Opportunity Through Lease-Up
  • Recession Resistant Property Category

CONTACT INFORMATION

CBRE U.S. HEALTHCARE CAPITAL MARKETS

Lee Asher
Vice Chairman
+1 404 504 5965
lee.asher@cbre.com

Chris Bodnar
Vice Chairman
+1 303 628 1711
chris.bodnar@cbre.com

Sabrina Solomiany
Senior Director
+1 404 536 5054
sabrina.solomiany@cbre.com

CBRE DEBT & STRUCTURED FINANCE

Shane Seitz
Senior Vice President
+1 720 217 6901
shane.seitz@cbre.com

CBRE ST. LOUIS

TJ Redmond
First Vice President
+1 314 655 6024
tj.redmond@cbre.com

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