Sold: St. Louis MOB Portfolio
HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a four (4) building medical office portfolio located in St. Louis, MO.
The St. Louis MOB Portfolio is a well-located and established portfolio of single-tenant and multi-tenant medical office buildings that are strategically located in and around St. Louis, MO.
Consisting of approximately 219,712 square feet, the portfolio is comprised of four (4) locations within a well-developed region that are 97% leased to a collection of health systems and well-established practice groups across a diverse array of specialties. The buildings are located near three (3) of the leading large not-for-profit health systems’ hospitals in the region, which are SSM Health, BJC Healthcare, and Mercy.
Within the portfolio are two (2) outpatient surgery centers that are licensed under Missouri’s Certificate of Need law, providing a barrier-to-entry for new ASCs and assuring financial stability. Between the two ASCs, specialties and areas of expertise include ENT, general, GI, ophthalmology, orthopedic, pain, podiatry, gynecology, urology, and vascular.
The properties are well-located within the growing St. Louis, MO MSA, which is the 21st largest metropolitan area in the U.S. with a population of over 2.8 million. Each location has strategic importance and provides patients with exceptional regional access and convenience, being located near major highways or in proximity to hospitals and other healthcare providers.
Representative Transactions
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