Tim Franz of SVN Chicago Commercial helped secure the sale of the Mercy Health medical building at 107 Piper Hill Drive in Saint Peters, Missouri.
The absolute NNN Investment guaranteed by Mercy Health, with nearly 200 locations, sold to a publicly traded REIT based on the West Coast.
The tenant recently executed a lease extension with substantial improvements to the site.
SVN | Chicago Commercial represented the seller involved in the transaction. The 17,296-square-foot medical asset sold for more than $3.78 million.
