Updated Aug 7, 2026
—Medical Office
Maple Street Management Acquires Medical Office From Atwater Group In St. Louis For $4.36M
3721 South Grand Boulevard
Building Size
—
Asset Type
Medical Office
Closing
Jun 16, 2025
About this deal
AI
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.
Players
Saint Louis Medical Office Market Snapshot
Boundary boundary · Medical Office · All transaction types transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93