Maple Street Management Acquires Medical Office From Atwater Group In St. Louis For $4.36M

The asset involved in this transaction is a medical office located at 3721 South Grand Boulevard in the St. Louis, MO market. It was sold for a price of $4,360,000, involving a significant financing arrangement to support the buyer's acquisition strategy. The transaction pertains to a medical office tailored to the needs of healthcare operations.

Summary of transation details:

• Property Type: Medical Office
• Transaction Amount: $4,360,000
• Buyer: Maple Street Management
• Seller: Atwater Group
• Broker Representatives: Isaiah Harf, David Annett & Jada Purchase - NorthMarq
• Financing Secured: $2,825,000 in 10-year fixed financing
• Financing Institution: Credit Union
• 1031 Exchange: Yes

This transaction was facilitated by NorthMarq’s teams, highlighting their role in securing financing for Maple Street Management. The deal involved a complex 1031 exchange, showcasing the financial intricacies handled during the transaction. The brokers involved have played a crucial role in connecting the buyer and seller effectively.