Marcus & Millichap Facilitates $6.3 Million Sale of St. Louis Medical Office for Behavioral Health Center Conversion

Reuters
08 Jul
Marcus & Millichap Facilitates $6.3 Million Sale of St. Louis Medical Office for Behavioral Health Center Conversion

Marcus & Millichap Inc., a leading commercial real estate brokerage firm, has successfully arranged the sale of a medical office property in St. Louis, Missouri for $6.3 million. The property, located at 5500 S. Broadway St., spans 62,856 square feet and was previously known as the Riverview Nursing Facility. Built in 2001, the site offers expansive views of the Mississippi River and downtown St. Louis. The transaction was facilitated by investment specialists Yozwiak and Darpan Patel from the firm's Columbus office, with Dave Saverin serving as the broker of record in Missouri. The buyer plans to renovate the property into a behavioral health center, addressing growing community needs and revitalizing the previously unused asset.

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