2727 Washington Ave - Medical FOR SALE


Saint Louis, MO 63103- Midtown St Louis
$2,439,000 USD
859-907-2006
2727 Washington Ave, Saint Louis, MO for Sale
$2,439,000 USD
Medical - FOR SALE
1/8
null | 9% Cap Rate

2727 Washington Ave
Saint Louis, MO 63103
Midtown St Louis


HIGHLIGHTS

  • Federal Credit Tenant
  • Mission-Critical Regional Facility
  • Long-Term Occupancy History with Recent Extension
  • Additional Space with Value-Add Potential

OVERVIEW

The Ficke Team of Colliers is pleased to present to qualified investors the opportunity to acquire the fee-simple interest in the Department of Veterans Affairs Outpatient Clinic, a 12,870 RSF single-tenant medical outpatient facility located at 2727 Washington Avenue in St. Louis, Missouri. The property is leased to the U.S. Department of Veterans Affairs, providing investors with income backed by the full faith and credit of the U.S. Government (S&P AA+). The VA has occupied the property since 2012 and most recently executed a lease extension through September 2029, reflecting a demonstrated long-term commitment to this location. The Washington Avenue clinic operates as a designated High Complexity (Level 1b) facility within the VA St. Louis Healthcare System’s 10-location network serving approximately 65,000 veterans across Missouri and Illinois, underscoring the mission-critical nature of this location to the VA’s regional care delivery infrastructure. As a Cabinet-level agency of the U.S. Federal Government, the VA is the nation’s second largest government department, ensuring the depth of institutional resources and federal backing that eliminates meaningful credit risk for an acquiring investor. Situated along Washington Avenue in midtown St. Louis, the property benefits from high visibility and accessibility within one of the city’s most established institutional corridors, approximately 1.5 miles from Downtown St. Louis and proximate to St. Louis University, Washington University Medical Center, and Union Station.

FOR SALE DETAILS

PRICE

$2,439,000 USD

PRICE/SF

$190 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

J

APN/PARCEL ID

0983-00-0175-0

ASK ABOUT THIS PROPERTY

Geoff FickeColliersMore Info
859-907-2006

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Geoff FickeColliersMore Info
859-907-2006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.