Office Medical
Ballas Place Medical Building
425 N New Ballas Rd, Creve Coeur, MO 63141
Listing Price: $16,467,158
Investment Overview
Marcus & Millichap is pleased to present the opportunity
to acquire the fee simple interest in Ballas Place Medical, a
78,252-square-foot premier medical office building located
at 425 N New Ballas Road, St. Louis, MO. Strategically
situated with direct access to Interstate 270 (140,000+
VPD) and proximity to Highway 40/I-64 (100,000+
VPD). The property ensures excellent connectivity to the St.
Louis metro area and key suburban markets. Currently,
Ballas Place Medical is 89.2% leased with diverse and
reputable tenants. The property promises stable cash flows
with a weighted average lease term (WALT) of
approximately 3.93 years, offering potential investors a
reliable investment in the robust healthcare sector.
Ballas Place Medical is anchored by reputable healthcare tenants, including
MediBeacon Inc, Washington University Suburban Pediatrics, Onyx
Spine and Peak Sport & Spine Physical Therapy, among others.
Located with a 3-mile radius of three leading medical institutions – Mercy,
Missouri Baptist, and Barnes-Jewish West Country. This tenant mix ensures
long-term stability, supported by industries with consistent demand. The
Offering represents a unique opportunity to acquire a property with established
cash flow and value-add potential through leasing the remaining 10.8% vacancy.
Designed as a premier medical office building, Ballas Place has been updated to
meet modern healthcare standards while maintaining its professional appeal. The
building’s infrastructure supports a range of healthcare uses, ensuring adaptability
for various tenant needs and includes ample space for parking (4/1,000 sf).
Ballas Place Medical Building
Investment Highlights
- Renovations – Comprehensive interior and exterior renovations completed in 2022, transforming the asset into a modern Class A property with exceptional visual appeal.
- Prime Healthcare Asset – Strategically located in St. Louis, MO, with easy access to Interstate 270 and Highway 40/I-64.
- Location – Within a 3-mile radius of three leading medical institutions – Mercy, Missouri Baptist, and Barnes-Jewish West Country.
- Strong Vehicle Traffic – Average vehicle per day on Interstate 270 is 140,000+ and Highway 40/I-64 is 100,000+.
- Resilient Asset Class – Healthcare properties remain in demand, benefiting from consistent rent growth and low vacancy rates. These properties are particularly valuable as investment options in times of economic uncertainty, given the perpetual high demand for healthcare services and stable cash flow.
- Established Income Streams – NOI of $1,152,701, providing reliable cash flow for investors.
- Diverse Tenant Base – A mix of great healthcare tenants ensures a balanced and stable rent roll.
- Property Features – Large common atrium for events and meeting space.
Exclusively Listed By
Financing By
Listing Price: $16,467,158
Investment Highlights
- Renovations – Comprehensive interior and exterior renovations completed in 2022, transforming the asset into a modern Class A property with exceptional visual appeal.
- Prime Healthcare Asset – Strategically located in St. Louis, MO, with easy access to Interstate 270 and Highway 40/I-64.
- Location – Within a 3-mile radius of three leading medical institutions – Mercy, Missouri Baptist, and Barnes-Jewish West Country.
- Strong Vehicle Traffic – Average vehicle per day on Interstate 270 is 140,000+ and Highway 40/I-64 is 100,000+.
- Resilient Asset Class – Healthcare properties remain in demand, benefiting from consistent rent growth and low vacancy rates. These properties are particularly valuable as investment options in times of economic uncertainty, given the perpetual high demand for healthcare services and stable cash flow.
- Established Income Streams – NOI of $1,152,701, providing reliable cash flow for investors.
- Diverse Tenant Base – A mix of great healthcare tenants ensures a balanced and stable rent roll.
- Property Features – Large common atrium for events and meeting space.
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire the fee simple interest in Ballas Place Medical, a 78,252-square-foot premier medical office building located at 425 N New Ballas Road, St. Louis, MO. Strategically situated with direct access to Interstate 270 (140,000+ VPD) and proximity to Highway 40/I-64 (100,000+ VPD). The property ensures excellent connectivity to the St. Louis metro area and key suburban markets. Currently, Ballas Place Medical is 89.2% leased with diverse and reputable tenants. The property promises stable cash flows with a weighted average lease term (WALT) of approximately 3.93 years, offering potential investors a reliable investment in the robust healthcare sector. Ballas Place Medical is anchored by reputable healthcare tenants, including MediBeacon Inc, Washington University Suburban Pediatrics, Onyx Spine and Peak Sport & Spine Physical Therapy, among others. Located with a 3-mile radius of three leading medical institutions – Mercy, Missouri Baptist, and Barnes-Jewish West Country. This tenant mix ensures long-term stability, supported by industries with consistent demand. The Offering represents a unique opportunity to acquire a property with established cash flow and value-add potential through leasing the remaining 10.8% vacancy. Designed as a premier medical office building, Ballas Place has been updated to meet modern healthcare standards while maintaining its professional appeal. The building’s infrastructure supports a range of healthcare uses, ensuring adaptability for various tenant needs and includes ample space for parking (4/1,000 sf).
Exclusively Listed By
Financing By
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