Montecito Medical Acquires Medical Office In Bridgeton Missouri For $8.84M With Alec Coronado As The Broker
3550 Mckelvey Road
$8,837,768
$400/SF
Building Size
22,097 SF
Asset Type
Medical Office
Closing
Nov 4, 2024
AI
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:
- Property Type: Medical Office
- Transaction Amount: $8,837,768
- Square Footage: 22,097
- Price Per Square Foot: $400
- Address: 3550 Mckelvey Road
- Market: Bridgeton, MO
- Buyer: Montecito Medical
- Broker: Alec Coronado - Marcus & Millichap
The deal was brokered by Marcus & Millichap, representing Montecito Medical as the buyer in this transaction. Alec Coronado handled the brokerage for the sale.
Bridgeton Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.79%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93