The sale of a 22,097-square-foot medical office in Bridgeton, Missouri has been successfully completed by Marcus & Millichap. The property was sold for $8,837,768.
According to Alec Coronado, an associate at Marcus & Millichap’s St. Louis office who handled the transaction as an investment specialist: “This listing generated a lot of interest from local buyers in St. Louis as well as potential buyers across the nation.” Ultimately, it was purchased by Montecito Medical – one of the largest firms in the country that specializes exclusively in medical office real estate.
Coronado had exclusive rights to market and sell this property on behalf of its out-of-state developer seller and successfully procured Montecito Medical as the buyer.
Situated at 3550 McKelvey Road on a 1.55-acre plot near DePaul Hospital and St.Louis Lambert International Airport is where this building stands tall since its construction back in 1974. It currently houses St.Louis Heart and Vascular – Missouri’s biggest independent full-service cardiology and vascular care practice with over seventeen years remaining on their triple-net lease agreement.
