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Montecito Medical Acquires Medical Office In Bridgeton Missouri For $8.84M With Alec Coronado As The Broker

Property Image
SOLD
$8,837,768

Missouri

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Medical Office22,097 SF
Sold 11/04/2024
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Property Image
SOLD

Montecito Medical Acquires Medical Office In Bridgeton Missouri For $8.84M With Alec Coronado As The Broker

3550 Mckelvey Road

See Similar Deals
Medical Office22,097 SF
Sold 11/04/2024
the dealplayerscompscontact
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Summary

MISSOURI
Asset Type:Medical Office
Price Per Square Foot:$400
Total Square Footage:22,097 SF
Transaction Type:Sale

A medical office located at 3550 Mckelvey Road in Bridgeton, MO, was sold for $8,837,768. The property encompasses 22,097 square feet, translating to a price per square foot of approximately $400. It is currently occupied by St. Louis Heart and Vascular and has over 17 years remaining on a triple-net lease.

Summary of transaction details:

The deal was brokered by Marcus & Millichap, representing Montecito Medical as the buyer in this transaction. Alec Coronado handled the brokerage for the sale.

Players

Alec Coronado
Marcus & Millichap
Alec Coronado
2 deals$10.8M volume
BROKER

Details

SOLD
IMAGE: 11/04/2024 ADDRESS: 3550 Mckelvey Road MARKET: Bridgeton, MO ASSET TYPE: Medical Office BUYER: Montecito Medical BROKER: Alec Coronado - Marcus & Millichap SALE PRICE: $8,837,768 SF: 22,097 ~ PPSF: $400 NOTE: Marcus & Millichap brokered the $8.8 million sale of a 22,097-square-foot medical office in Bridgeton, Missouri, occupied by St. Louis Heart and Vascular. The buyer, Montecito Medical, acquired the property with over 17 years remaining on a triple-net lease.

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