The CBRE U.S. Healthcare Capital Markets Group acted as the exclusive advisor for the sale of Emerson Medical Building.
- Sale Date: March 24, 2016
- Price: $14,250,000
- Price Per SF: $364
- Building Size: 39,184 SF
- Year Built: 1989, Fully Renovated 2013-2015
- Occupancy: 100%
The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of the Emerson Medical Building. Lee Asher and Chris Bodnar of the U.S. Healthcare Capital Markets Group teamed with TJ Redmond and Matt Bukhshtaber of the St. Louis Investment Properties Group to act as the Seller’s exclusive advisors.
The Emerson Medical Building is located at 633 Emerson Road, in the City of Creve Coeur within St. Louis County. The Property consists of one 2-story building, totaling 39,184 square feet on a ±2.7-acre site.
Built in 1989 and fully renovated between 2013 and 2015, the Emerson Medical Building is 100% leased to Mercy Health (Moody’s ‘Aa3’), Motion Orthopaedics, Emerson Road Imaging Center and Premier Prosthetics & Orthotics. The facility also includes two surgery centers: Emerson Surgery Center and North Campus Surgery Center. Strategically positioned just southeast of Interstate-270 and south of Olive Boulevard, the Property is located within four miles of three major area hospitals – Mercy Hospital St. Louis, Barnes-Jewish West County Hospital, and Missouri Baptist Medical Center.
For more information on this sale, or if we can help with your healthcare real estate holdings, please contact us.
Contact Us
Lee Asher
Executive Vice President
Investment Properties
+1 404 504 5965
lee.asher@cbre.com
Chris Bodnar
Executive Vice President
Investment Properties
+1 303 628 1711
chris.bodnar@cbre.com
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