For Sale
$4,390,000

1660 Meyer Rd Wentzville, MO 63385

High-yield, 100% occupied medical buildings

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity consists of two medical office buildings located in Wentzville and St. Charles, Missouri. The portfolio totals approximately 6,541 to 6,562 square feet and sits on a combined lot size of 0.77 to 1.14 acres. Both properties boast a 6.66% cap rate and are currently 100% occupied by Washington University Clinical Associates – Northwest Pediatrics under long-term leases. The Wentzville property, located at 1660 W Meyer Rd, 63385, commenced rent on December 8, 2005, and has a lease expiration date of January 1, 2027. The St. Charles property, situated at 11 Garvey Pkwy, 63303, began generating rent on February 1, 2002, with a lease expiration date of February 7, 2027. Both buildings were constructed between 2001 and 2005. The portfolio generates a substantial net operating income (NOI) of $292,312.91 annually, with a modified gross annual rent of $396,079.91. The properties benefit from convenient access to major highways, providing excellent visibility and accessibility for patients and staff. This is a rare opportunity to acquire a stable, high-performing medical office portfolio with significant long-term growth potential. The asking price for this exceptional investment is $4,390,000.

Highlights

  • 1660 West Meyer Road: Lease commenced December 9, 2005, expiring January 1, 2027. Net Operating Income (NOI) is $292,312.91; annual rent is $396,079.91 (Modified Gross).
  • 11 Garvey Parkway: Lease commenced February 1, 2002, expiring February 7, 2027. NOI is $292,312.91; annual rent is $396,079.91 (Modified Gross).

Property Details for 1660 Meyer Rd

Property type
Office properties, Medical offices
Square Feet
6,541 SF
Lot Size (sq. ft)
33,541 SF

Location Insight

City
Wentzville
County
St. Charles
State
Missouri
Latitude
38.8255676
Longitude
-90.8819855

FAQs

What type of property is this?
Office property - High-yield, 100% occupied medical buildings
Where is the office property located?
The property is located at 1660 Meyer Rd Wentzville, MO.
What is the asking price?
The asking price for this property is $4,390,000.
What are key features of this property?
This property features: 1660 West Meyer Road: Lease commenced December 9, 2005, expiring January 1, 2027. Net Operating Income (NOI) is $292,312.91; annual rent is $396,079.91 (Modified Gross).; 11 Garvey Parkway: Lease commenced February 1, 2002, expiring February 7, 2027. NOI is $292,312.91; annual rent is $396,079.91 (Modified Gross).;
How can I contact the broker?
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1660 Meyer Rd
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