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Office Medical

St. Charles Orthopaedic Surgery Associates / Excel Sports & Physical Therapy MOB

9323 Phoenix Village Pkwy, O'Fallon, MO 63368

Listing Price: $3,200,000

Cap Rate
7.26%
Gross SF
10,600
Rentable SF
10,600
Price/Gross SF
$301.89
Occupancy
100.0%
Year Built
2004
Lot Size
1.60 acres

Investment Overview

Marcus & Millichap is pleased to present the St. Charles Orthopaedic Surgery Associates (SCOSA) Medical Office Building located just outside of St. Louis in O’Fallon, Missouri. The subject property is a 10,600-square-foot, multi-tenant medical office building that is 100 percent occupied by two tenants, occupying three suites, including SCOSA and Excel Sports & Physical Therapy. SCOSA expanded into the previously vacant 4,209 SF unit next door December 2021 at $17/sq. ft. This healthcare facility is ideally located in the affluent St. Louis suburb of O’Fallon, Missouri. O’Fallon has consistently been named Money Magazine’s “100 Best Places to Live”. Its location near the confluence of two interstate highways makes it a hub for major employers, including CitiMortgage, MasterCard, and SunEdison. Since 1990, the city’s population has more than quadrupled. The five-mile population surrounding the location is 123,532 residents with the area expecting an 11.36 percent (14,043 residents) increase in population within the next five years. Average household income within a one-mile radius of the property is $108,977. The property is conveniently located on Winghaven Blvd, where Saint Charles County recently approved a Master Plan where major development will be done by 2025. SCOSA and Excel Sports & Physical Therapy have been tenants in this center since 2005, and have three years remaining on their leases. All leases are triple-net (NNN) in nature with a reimbursed management fee. Significant rent growth exists as SCOSA's rent escalates 2.00 percent annually. On April 1, 2015, Signature Medical Group (SMG), the largest independent physician-owned multi-specialty group in the St. Louis and Kansas City areas, announced that SCOSA had joined their organization. With more than 150 physicians, 22 specialties/sub-specialties, and over 50 locations (many with extended hours), they offer accessible, affordable and quality health care. The physicians and staff of Signature Medical Group have made the choice to remain in independent practice, so they can have complete autonomy in the healthcare decisions they make with each patient’s well-being as the forefront focus.

Investment Highlights

  • 10,600-Square-Foot, 100% Occupied, Multi-Tenant Medical Office Building
  • Tenants Include St. Charles Orthopaedic Surgery Associates (SCOSA), and Excel Sports & Physical Therapy
  • SCOSA Recently Acquired by Signature Medical Group (SMG), the Largest Independent Physician-Owned Multi-Specialty Group in the St. Louis and Kansas City Areas
  • All Leases are NNN with a Reimbursed Management Fee / 2.00% Annual Rent Escalations
  • Ideally Located 35 Miles Northwest of St. Louis in O'Fallon, Missouri - Consistently Ranked in Money Magazine's "100 Best Places to Live" - Population has more than quadrupled since 1990
  • Average Population within Five-Miles is Approximately 120,000 / Average Household Income Within One-Mile Exceeds $100,00
  • Located in Close Proximity to major employer hubs, including CitiMortgage, MasterCard, and SunEdison, Off Winghaven Blvd. (20,000+ VPD), where a development master plan has just been approved by Saint Charles County

Exclusively Listed By

Office Medical

St. Charles Orthopaedic Surgery Associates / Excel Sports & Physical Therapy MOB

Listing Price: $3,200,000

Cap Rate
7.26%
Gross SF
10,600
Rentable SF
10,600
Price/Gross SF
$301.89
Occupancy
100.0%
Year Built
2004
Lot Size
1.60 acres

Investment Highlights

  • 10,600-Square-Foot, 100% Occupied, Multi-Tenant Medical Office Building
  • Tenants Include St. Charles Orthopaedic Surgery Associates (SCOSA), and Excel Sports & Physical Therapy
  • SCOSA Recently Acquired by Signature Medical Group (SMG), the Largest Independent Physician-Owned Multi-Specialty Group in the St. Louis and Kansas City Areas
  • All Leases are NNN with a Reimbursed Management Fee / 2.00% Annual Rent Escalations
  • Ideally Located 35 Miles Northwest of St. Louis in O'Fallon, Missouri - Consistently Ranked in Money Magazine's "100 Best Places to Live" - Population has more than quadrupled since 1990
  • Average Population within Five-Miles is Approximately 120,000 / Average Household Income Within One-Mile Exceeds $100,00
  • Located in Close Proximity to major employer hubs, including CitiMortgage, MasterCard, and SunEdison, Off Winghaven Blvd. (20,000+ VPD), where a development master plan has just been approved by Saint Charles County

Investment Overview

Marcus & Millichap is pleased to present the St. Charles Orthopaedic Surgery Associates (SCOSA) Medical Office Building located just outside of St. Louis in O’Fallon, Missouri. The subject property is a 10,600-square-foot, multi-tenant medical office building that is 100 percent occupied by two tenants, occupying three suites, including SCOSA and Excel Sports & Physical Therapy. SCOSA expanded into the previously vacant 4,209 SF unit next door December 2021 at $17/sq. ft. This healthcare facility is ideally located in the affluent St. Louis suburb of O’Fallon, Missouri. O’Fallon has consistently been named Money Magazine’s “100 Best Places to Live”. Its location near the confluence of two interstate highways makes it a hub for major employers, including CitiMortgage, MasterCard, and SunEdison. Since 1990, the city’s population has more than quadrupled. The five-mile population surrounding the location is 123,532 residents with the area expecting an 11.36 percent (14,043 residents) increase in population within the next five years. Average household income within a one-mile radius of the property is $108,977. The property is conveniently located on Winghaven Blvd, where Saint Charles County recently approved a Master Plan where major development will be done by 2025. SCOSA and Excel Sports & Physical Therapy have been tenants in this center since 2005, and have three years remaining on their leases. All leases are triple-net (NNN) in nature with a reimbursed management fee. Significant rent growth exists as SCOSA's rent escalates 2.00 percent annually. On April 1, 2015, Signature Medical Group (SMG), the largest independent physician-owned multi-specialty group in the St. Louis and Kansas City areas, announced that SCOSA had joined their organization. With more than 150 physicians, 22 specialties/sub-specialties, and over 50 locations (many with extended hours), they offer accessible, affordable and quality health care. The physicians and staff of Signature Medical Group have made the choice to remain in independent practice, so they can have complete autonomy in the healthcare decisions they make with each patient’s well-being as the forefront focus.

Exclusively Listed By

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