The CBRE U.S. Healthcare Capital Markets Group acted as the exclusive advisor for the sale of the CityPlace 5 Medical Office Building in Creve Coeur, Missouri.
| Sale Date: | January 22, 2018 |
| Sale Price: | $21,825,000 |
| Price Per SF: | $265 |
| Property Size: | 82,280 SF |
| Occupancy: | 90.1% |
The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of the CityPlace 5 Medical Office Building (“CityPlace 5” or alternatively, the “Property”). Lee Asher and Chris Bodnar of the CBRE U.S. Healthcare Capital Markets Group partnered with Ann Dulle in the St. Louis market to act as the Seller’s exclusive advisors.
CityPlace 5 is a Class A, suburban medical office building consisting of 82,280 rentable square feet across three floors and a lower level. Built in 2006, the Property is 90.1% leased to medical tenants offering a variety of services, including orthopedics, dentistry, plastic surgery, internal medicine, nutrition and weight loss and multi-specialty medicine. In addition, the Property is 16.9% leased to City Place Surgery Center, a privately owned, ambulatory surgery center equipped with four operating rooms featuring the latest in surgical technology.
For more information about this sale, or if we can help with your healthcare real estate holdings, please contact us.
U.S. HEALTHCARE CAPITAL MARKETS GROUP
LEE ASHER
Executive Vice President
Investment Properties
+1 404 504 5965
lee.asher@cbre.com
CHRIS BODNAR
Vice Chairman
Investment Properties
+1 303 628 1711
chris.bodnar@cbre.com
GREG GREENE
Senior Vice President
Debt & Structured Finance
+1 214 979 5617
greg.greene@cbre.com
RYAN LINDSLEY
Senior Director
Investment Properties
+1 303 628 1745
ryan.lindsley@cbre.com
SABRINA SOLOMIANY
Senior Director
Investment Properties
+1 404 536 5054
sabrina.solomiany@cbre.com
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