Marcus & Millichap Arranges Sale of Medical Office Building in Missouri

TROY, Mo., Oct. 17, 2024 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Troy Professional Building, a 24,952-square-foot medical office property located in Troy, Missouri.

"Medical office buildings remain a strong investment category in the St. Louis MSA, with activity picking up in the fourth quarter heading into 2025," said Alec Coronado, associate. "This was a seamless transaction, driven by the cooperation and expertise of all parties involved to ensure a successful outcome."

Coronado, medical office building investment specialist in Marcus & Millichap's St. Louis office, procured the buyer, Compass Health Network.

Troy Professional Building is located on 2.19 acres at 91 Troy Square. Built in 2007, the two-story building has five suites, with current tenants including Compass Health, Mennemeyer Orthodontics and Midwest Oral & Maxillofacial Surgery. The property is just off E. Highway 47, with nearby retailers including Kroger, Aldi and Walmart.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.