1660 Meyer RdWentzville, MO 63385

Property Details for 1660 Meyer Rd

Year built

2001

Lot size

1.14 AC

Property size (Sq ft)

6,328 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

4-0010-C441-00-0001.0000000

APU

40010C4410000010000000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,613,489

  6.5%

  $1,489,375

  7%

  $1,382,991

• Comparable approach

  Method

  Valuation

  Relative Method

  $493,331

  Geo Method

  $493,331

• Alternative Use

  Use

  Valuation

  Residential

  $1,846,825

  Hospitality

  $1,691,682

  Educational

  $1,407,459

  Medical

  $1,455,864

  Retail

  $2,189,381

Location Insight

City

Wentzville

County

St. Charles

State

Missouri

Latitude

38.8254

Longitude

-90.8819

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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