AXSYS Capital, a Libertyville-based real estate investment firm, has recently acquired 853 Medical Drive in Wentzville, Missouri for $3.6 million. This purchase marks the company’s seventh acquisition in Missouri and is part of their AXSYS Capital Fund I, LP portfolio.
The transaction was facilitated by Skyline Commercial Real Estate’s Jason Riegelsberger and Luke Grant representing AXSYS Capital while Brian Kelley of Revel Commercial Real Estate represented the seller Asher CRE LLC. Financing for the property was provided by Carrollton Bank with a permanent fixed-rate loan of $1,952,500 at an LTV ratio of 55%.
The property itself is a “medtail” building built in 2005 featuring six commercial units located along Wentzville Parkway near SSM Health St. Joseph Hospital – Wentzville. It also sits within close proximity to an upcoming mixed-use development called Wentzville Bend which will be anchored by Menards with over 158,400 square feet of retail space.
This latest acquisition adds to AXSYS Capital’s growing portfolio as they continue to invest in high-quality properties for long-term cash flow benefits for their investors.
