AXSYS Capital, an emerging leader in medical property investments, is pleased to announce it has closed on the sale of 11780 Manchester Rd., a 17,190-square-foot mixed-use office and retail property located in Des Peres, MO, to CommunityAmerica Credit Union for $3,400,000.
11780 Manchester Rd. is located in the heart of Des Peres, MO, an affluent suburb situated west of St. Louis, MO. Built in 1986, the two-story property is located along one of the area’s most highly trafficked retail corridors. CACU is evaluating plans to redevelop the property for a new CACU location.
John Shuff of Pace Properties and Ted Green of Avison Young represented the buyer, CACU, in the transaction. Mark Dorsey of Avison Young along with Luke Grant and Jason Riegelsberger of Skyline Missouri Realty represented the seller, Des Peres Plaza Partners, LLC on behalf of AXSYS Capital.
“Thanks to our exceptional partners AXSYS Capital has completed another successful sale, propelling us towards remarkable growth as we continue to expand our real estate investment platform,” shared David Meggs, co-founder and CEO of AXSYS Capital. “11780 Manchester Rd. is a well-located property that has provided outsized returns for our investors throughout the hold period.”
AXSYS Capital purchased the asset in late 2016 for $2,100,000 with a cap rate of approximately eight percent, financed by Carrollton Bank. The property was purchased as a fully stabilized asset and yielded an annual IRR of approximately 32 percent per year. 11780 Manchester Rd. is representative of the small-to-mid-sized properties AXSYS Capital typically acquires and holds long-term with the focus of providing consistent cash returns to its investors.
AXSYS Capital has identified a niche in high-quality properties, primarily medical, in the $2M to $5M price point, that are off the radar of institutional investors and have above-market returns. To date, AXSYS Capital has successfully executed the development, acquisition, renovation, repositioning and sale of more than 25 transformative commercial and mixed-use properties across the Midwest totaling more than $74M.
About AXSYS Capital:
AXSYS Capital is a dynamic property investment company committed to unlocking strong risk-adjusted returns within an often-overlooked niche of the real estate market—smaller, suburban medical office and or “medtail” buildings. Rooted in the belief of cultivating robust investment portfolios, we employ a strategy centered on tangible assets that provide a compelling alternative for investors seeking diversification beyond the stock market. AXSYS Capital offers stability and growth through a meticulously curated selection of buildings home to primarily medical, financial, and insurance businesses—entities we consider “Amazon proof.”
What sets AXSYS Capital apart is our unwavering dedication to people and community. We understand the significance of fostering strong, enduring relationships with tenants and neighbors, recognizing that this commitment contributes directly to the vitality of our properties and, ultimately, the success of our investments. With affordable purchase prices and a proven model, AXSYS Capital stands as a beacon of stability and prosperity in the realm of property investment. For more information, please visit: https://axsyscapital.com/