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Chicago & Midwest  + Midwest  + Healthcare  | 

AXSYS Capital Purchases Mixed-Use in Missouri for $3.6M

Libertyville-based AXSYS Capital closed on the purchase of 853 Medical Drive, a 15,366-square-foot mixed-use office property in Wentzville, Missouri, for $3.6 million.

The transaction marks AXSYS Capital’s seventh acquisition in Missouri and is the third purchase made by the company’s “AXSYS Capital Fund I, LP.” The company will hold the property for long-term cash flow for its investors. 

Skyline Commercial Real Estate’s Jason Riegelsberger and Luke Grant represented AXSYS Capital in the transaction. Brian Kelley of Revel Commercial Real Estate represented the seller, Asher CRE, LLC. Carrollton Bank provided financing with a permanent, fixed-rate loan of $1,952,500, representing an LTV ratio of 55 percent. 

Built in 2005, 853 Medical Drive is a “medtail” property that features six commercial units along Wentzville Parkway adjacent to SSM Health St. Joseph Hospital – Wentzville. The property sits along a dense retail corridor and is located across from Wentzville Bend, an 80-acre mixed-use development under construction that will be anchored by a 158,400-square-foot Menards.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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