Marcus & Millichap Sells 62,856 Square Foot Medical Office In St. Louis For $6.3 Million

A 62,856-square-foot medical office building was sold at 5500 South Broadway in St. Louis, MO for $6,300,000. The sale price reflects a price per square foot of $100. The property is set to be renovated into a behavioral health center.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $6,300,000
• Address: 5500 South Broadway
• Market: St. Louis, MO
• Square Footage: 62,856
• Price per Square Foot: $100
• Seller: Local husband-and-wife ownership group
• Buyer’s Representative: Dan Yozwiak & Darpan Patel - Marcus & Millichap

The transaction was facilitated by Marcus & Millichap, with both Dan Yozwiak and Darpan Patel representing the buyer. The seller was a local ownership group consisting of a husband-and-wife team.