Updated Dec 4, 2024
Tim Franz Of SVN Facilitates $3.8M Sale Of Mercy Health Medical Office In St. Peters
107 Piper Hill Drive
$3,800,000
$219/SF
Building Size
17,296 SF
Asset Type
Medical Office
Closing
Jun 13, 2024
About this deal
AI
The medical office building located at 107 Piper Hill Drive in Saint Peters, MO was sold for $3,800,000. The property spans 17,296 square feet and was occupied by Mercy Health on a net-lease basis. Tim Franz of SVN represented the undisclosed seller in the transaction.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $3,800,000
- Square Footage: 17,296
- Address: 107 Piper Hill Drive
- Market: Saint Peters, MO
- Broker: Tim Franz - SVN
SVN Chicago Commercial facilitated the sale of the Mercy Health medical office building in St. Peters, with Tim Franz playing a key role as the representative of the undisclosed seller in the deal.
Players
Saint Peters Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93