AXSYS Capital, a Libertyville-based real estate investment firm, recently acquired 853 Medical Drive in Wentzville, Missouri for $3.6 million. This marks the company’s seventh acquisition in Missouri and is part of their long-term cash flow strategy for investors.
The purchase was made through AXSYS Capital Fund I, LP and was facilitated by Skyline Commercial Real Estate’s Jason Riegelsberger and Luke Grant. The seller, Asher CRE LLC, was represented by Brian Kelley of Revel Commercial Real Estate. Financing for the transaction was provided by Carrollton Bank with a permanent fixed-rate loan of $1,952500 at an LTV ratio of 55%.
Built in 2005 as a “medtail” property with six commercial units along Wentzville Parkway near SSM Health St Joseph Hospital – Wentzville,the property is situated on a busy retail corridor across from the upcoming mixed-use development called Wentzville Bend which will feature an anchor tenant Menards occupying over 158400 square feet.
This latest acquisition adds to AXSYS Capital’s growing portfolio and demonstrates their expertise in identifying profitable investments opportunities within the state of Missouri.
