Investment Overview

Marcus & Millichap is pleased to present the Watson Medical Building located at 3915 Watson Rd located in St. Louis, Missouri ("Property"). The 3-level multi-tenant medical office building is approximately 32,621 gross square feet is situated on approximately 0.78 acres acres land encompassing two parcels. The Property was constructed in 1966 and expanded 1984. In 2021 the common areas were refurbished and in 2025 the first panel and elevators where upgraded. The Property is 72.2% occupied with 8 medical tenants (11 suites total) and vacant suites are second generation medical. 7.32% CAP on Current and 9.99% CAP on Proform. Mercy Health (S&P: A+ Credit Rating) occupying 22.4% recently renewed with a 5-year lease through 2031, and Missouri Foot & Ankle occupying 11.2% recently renewed with a 5-year lease through 1031. The current income combined with an average 3.2 years WALT provides an investor with positive cash flow and a value-add upside opportunity to extend return well beyond a proforma 10.04% CAP rate. The Property is situated 5.75-miles southeast of downtown St. Louis just north of Highway 366 ) Chippawa Rd. in the St. Louis Hills and the Linwood Park areas within walking distance to food, retail, banking, office and several commercial services. The Property is 3.75-miles from SSM Health St. Louis University Hospital a 365- bed tertiary-care, academic medical center and Level 1 Trauma Center. St. Louis, Missouri and its surrounding communities has a population of 379,908 within a 5-mile radius. The Property benefits from an average household income of $103,880 and a median home value of $798,936 within 1-mile radius.