5401 veterans memorial pkwy...st. peters corporate center i 5401 veterans memorial parkway, st....

St. Peters Corporate Center I 5401 Veterans Memorial Parkway, St. Peters, MO

• 35,400 square foot 2 story, Class A office building• 1,231 Rentable Sq. Ft. on 2nd floor• T.I. Allowance available• Fiber optics, Two passenger elevators• Excellent highway exposure along Highway 70 and Highway 370• Join current Tenants: Mid Rivers Surgery Center, SSM Heart Institute, Fertility Partnership,

Berry Company, Pain Management• LEASE RATE: $23.50 Full Service, minus janitorial

St. Peters Corporate Centre is located in the most desirable area of St. Peters. Fronting I-70, this Class A office building is in the middle

of corporate and commercial growth, just minutes from Lambert-St. Louis International Airport.

For More Information Contact:

D. Scott Shockley / Craig O’Sadnick501 First Capitol Drive, Suite 5

St. Charles, MO 63301

(O) 636-946-9753 · 314-280-3871 (M) – Scott

(M) 636-541-0950 - Craig

www.shockleycommercial.com

[email protected]

No expressed or implied warranty or representation is made as to the accuracy of the information contained herein. This property is submitted

subject to

errors, omissions, change of price, withdrawal without notice, prior lease or sale and other listing conditions imposed by the principals.

FOR LEASE

http://www.shockleycommercial.com/

Building Floor Plan

Leased

Second Floor Plan

2nd Floor (Suite 204) 1,231 Sq. Ft space available

SITE PLAN

AERIAL PHOTO

PROPERTY DESCRIPTION

St. Peters Corp Center I 5401 VETERANS MEMORIAL PKWY., SAINT PETERS, MO

PROPERTY DESCRIPTION

St. Peters Corp Center I SAINT PETERS, MO PROPERTY DESCRIPTION

INVESTMENT OVERVIEW

Investment Highlights

■ 2 Property - 67,161 SF MOB Portfolio

■ 27% Credit Leased - A+ Credit Rated SSM Healthcare & BBB+ Credit Rated AT&T Subsidiary

■ Situated Near the 111 Bed Barnes-Jewish

St Peters Hospital

■ 25 Miles from Downtown St. Louis

■ 1 Mile from the 1M+ SF Mid Rivers Mall

■ Highly Visible from the Interstate I-70 and

Highway 70 Interchange

St. Peters Corp Center I & II located at 5301 & 5401 Veterans Memorial Parkway in St. Peters, Missouri. The portfolio consists of 2 Class A medical office buildings that were constructed in 2003.

The properties features steel and brick masonry construction with over 314 surface parking spaces, offering a ratio of 4.68:1,000 SF. The project is equipped with 2 passenger elevators per building. The total land area is approximately 5.17 acres.

The portfolio is centrally located in St. Peters, approximately 25 miles from downtown St Louis and it is also highly visible from Interstate I-70 and the Highway 370 interchange.

The buildings are situated 0.75 miles from the Barnes-Jewish St. Peters Hospital (BJSPH), a 111-bed facility in St. Peters that serves St. Charles, Lincoln and Warren counties.

(Macy's, JCPenney, Sears, and Dillard's); junior anchors include V∙Stock, Dick's Sporting Goods and a 14- screen Wehrenberg Ciné.


PROPERTY SUMMARY

The Offering

Site Description

Construction

Mechanical

Property

Property Address Property

Type

Assessor's Parcel Number

St. Peters Corp Center I

5401 Veterans Memorial Pkwy

Saint Peters, MO 63376

Class A Office

2-0117-9104-00-001A

Parcel Size

Type of Ownership

Rentable Square Feet

Floor Area Ratio (FAR)

5.17 AC

Fee Simple

67,161

0.31

Parking Ratio

Topography

Street Frontage

Cross Street

4.68 : 1000SF

Flat

Veterans Memorial Pkwy

St Peters Centre Blvd

Year Built

Construction Type

Number of Floors

Floor Plate Size

Parking Surface

2003

Masonry

2

17,700SF

Asphalt

Elevator 2 per bldg.


BARNES-JEWISH HOSPITAL

BJC HealthCare is a non-profit health care organization based in St. Louis, Missouri. It is the St. Louis areas

and one of Missouri's-biggest employers. BJC includes two nationally recognized academic hospitals - Barnes-

Jewish Hospital and St. Louis Children's Hospital, which are both affiliated with the Washington University

School of Medicine.

BJC HealthCare was created in 1993 when Barnes-Jewish Inc. merged with Christian Health Services to create a

system consisting of a large urban teaching facility and a network of suburban community hospitals. In 1994

Missouri Baptist Medical Center and St. Louis Children's Hospital also joined BJC HealthCare.

In addition to operating 12 hospitals in Missouri and Illinois, BJC HealthCare operates BJC Home Care Services,

the oldest home care service west of the Mississippi, which offers hospice, home infusion and medical equipment

services; BJC Corporate Health Services, including BarnesCare, an occupational health organization; BJC

Behavioral Health, offering behavioral health services to children and adults in the St. Louis metropolitan area and

in the Missouri counties of Washington, Iron and St.

Francois; and BJC Medical Group, which employs more than 300 primary and specialty physicians, nurse

practitioners and physician assistants.

Barnes-Jewish St. Peters Hospital (BJSPH) is a 111-bed facility in St. Peters that serves St. Charles, Lincoln and

Warren counties. The hospital has a 15-bed emergency department, as well numerous other patient services,

including cardiac surgery and pulmonary services. In 2004, the hospital completed an $18.5 million expansion which

included new Cardiology and Women's centers, in addition to the Outpatient Surgery and Endoscopy Center.

Construction was also begun in 2008 on a two- story $28 million expansion project to add 64 additional patient

rooms, a new inpatient pharmacy and medical office space to the facility.

The hospital received a 2009 HealthGrades Outstanding Patient Experience Award for being in the Top 10 percent

in the nation for patient satisfaction.

Barnes-Jewish Hospital has earned a place on U.S. News & World Report’s Honor Roll of America’s best hospitals

for the past 20 years and is home to 15 specialties ranked among the best nationally. In 2012, the hospital was

ranked 6th in the country by

U.S. News & World Report.


PROPERTY PHOTOS


INTERIOR PHOTOS

St. Peters Corp Center I SAINT PETERS, MO MARKET OVERVIEW

ST LOUIS

Market Highlights

Central location

■ The metro's central U.S. location allows for

fast access domestically and internationally.

Excellent transportation system

■ St. Louis has freight, rail and sea

transportation available.

Affordable cost of living

■ St. Louis features a lower cost of living than

most large Midwestern markets.

Geography

St. Louis is located at the confluence of the Mississippi and Missouri rivers, which have cut large

valleys with wide flood plains through the area, leaving a fertile and gently rolling prairie. The

limestone and dolomite underlying the region are used in construction. The metro is near the

geographic center of the United States, within 500 miles from one-third of the U.S. population.

St. Louis Metro


ST LOUIS

Metro

The St. Louis metro encompasses the city of St.

Louis; the Missouri counties of St. Charles,

Jefferson, Franklin, St. Louis, Lincoln, Warren and

Washington; and the Illinois counties of Madison, St.

Clair, Macoupin, Clinton, Monroe, Jersey, Bond and

Calhoun. The metro has more than 2.8 million

residents, and St. Louis is the only city in the metro

with a population.

Largest Cities in Metro by Population

Infrastructure

St. Louis has access to four modes of transportation

- air, rail, road and water. This provides the metro

with some of the lowest shipping costs in the

country. St. Louis' location at the center of the

nation's interstate highway systems offers an easy-

to-navigate, transportation infrastructure.

Lambert-St. Louis International Airport is the

region's primary passenger airport, while much of

the cargo is handled at MidAmerica St. Louis

Airport. Smaller airports, including St. Louis

Downtown, cater to business and private air traffic.

The Port of Metropolitan St. Louis handles an

average of $4.1 billion of cargo each year. St. Louis

has one of the nation's largest rail centers, with

service provided by BNSF, Norfolk Southern and

Union Pacific. Mass transportation needs are met by

Metro Transit, a bi-state agency that operates

MetroBus and MetroLink.

Airports

■ Lambert-St. Louis International Airport

■ MidAmerica St. Louis Airport

■ St. Louis Downtown Airport

Major Roadways

■ Interstates 44, 55, 64, 70, 170, 270, 255 and

370

Rail

■ Freight - BNSF, Norfolk Southern, Union

Pacific

■ Passenger - Amtrak

■ Light Rail - MetroLink

Port

■ Port of Metropolitan St. Louis

The St. Louis Metro is:

■ 250 miles from Kansas City

■ 300 miles from Chicago

■ 630 miles from Dallas

■ 850 miles from Denver

* Forecast Sources: Marcus & Millichap Research Services, U.S.

Census Bureau Experian

St. Louis 317,500

O'Fallon 83,400

St. Charles 67,000

St. Peters 54,800

Florissant 52,300

Chesterfield 47,600


ST LOUIS

Economy

St. Louis is highly ranked for its logistics

infrastructure, bolstered by its central

geographic location. The city is situated at the

confluence of two of the largest rivers in North

America, as well as the smaller Illinois River.

Easy access to these major waterways has

allowed St. Louis to become one of the largest

inland ports in the nation, with access to many

international destinations. In addition, the city

is also well connected via its extensive

highway and rail transportation corridors.

The region is emerging as a large financial

services center behind New York and Boston.

Edward Jones is one major company in the

sector with local headquarters. Over the next

few years, Reinsurance Group-America will

add 300 jobs at its new 405,000-square-foot

Chesterfield headquarters.

Government entities actively pursue the

development of new businesses and provide

resources for startups. The region has numerous

incubators where fledgling firms can find

guidance and inexpensive office and lab space,

including the Helix Center. Financial resources

are also available from several new venture

funds covering sciences, IT, plant and life

sciences, and other growing sectors.

The St. Louis gross metropolitan product (GMP)

is expected to grow by 3.5 percent this year.

* Forecast

Sources: Marcus & Millichap Research Services, Bureau of

Economic Analysis, Moody's Analytics, U.S. Census Bureau, Fortune


ST LOUIS

Labor

The St. Louis employment base, at more than 1.3 million jobs, will increase at an annual rate of 1.3

percent over the next five years with growth posted across most major sectors. Given its central

location and proximity to a number of major U.S. metros, St. Louis relies heavily on transportation

services. The trade, transportation and utilities category employs the largest share of workers in the

metro at more than 18 percent, or almost 250,000 persons. Education and health services also

accounts for 18 percent of total employment, or 237,000 positions. Companies such as BJC

Healthcare and educational institutions including Washington University in St. Louis and St. Louis

University contribute to jobs in this sector.

The local economy continues to diversify, due largely to the efforts of local and state governments to

attract technology companies. The manufacturing sector, which comprised 13 percent of the labor

force earlier in the decade, now accounts for approximately 8 percent. Jobs in this sector area likely

to rise as Boeing increases its presence in the metro by expanding its composites facility in St.

Louis.

Through the next five years, the largest job gains will be in the construction sector, which will expand

2.7 percent each year. Annual growth of nearly 2.2 percent is expected in professional and business

services.

* Forecast

Sources: Marcus & Millichap Research Services, BLS, Moody's Analytics


ST LOUIS

Employers

St. Louis is headquarters to nine Fortune 500

companies, including Express Scripts, Monsanto,

Ameren and Peabody Energy. These companies

represent some of the main industries in the area,

which notably include aviation, biotechnology,

telecommunications, chemicals, electrical utilities,

food and beverage manufacturing, refining,

research, and transportation.

State efforts to stimulate economic growth and

decrease unemployment, along with local initiatives,

are producing economic results. Edward Jones,

which employs more than 5,000 people locally, and

Centene Corp., are two companies that have

expanded their headquarters to accommodate

hundreds of new jobs.

Major Employers

St. Louis Enterprise Centers was established to

promote an entrepreneurial environment to provide

new and growing businesses with the support

needed to thrive. The centers offer entrepreneurs

affordable office and warehouse space, access to

mentors, shared support services, seminars and

networking opportunities. The area is also

establishing an active venture capital environment.

St. Louis is home to more than a dozen venture

capital funds with m o r e than $1 billion under

management. These efforts are nurturing startup

companies in technology.

* Forecast Sources: Marcus & Millichap Research Services, BLS, Moody's Analytics, Experian

BJC Healthcare

The Boeing Co.

Scott Air Force Base

Washington University in St. Louis

Wal-Mart

SSM Healthcare

AT&T Communications Inc.

Schnuck Markets

St. Louis University

96 98 00 02 04 06 08 10 12 14 16*


ST LOUIS

Demographics

The metro population continues to increase, but

at a slower pace than that of the nation. Since

1990, annual population gains have averaged

0.4 percent, with approximately 224,000 new

residents added in this period. Average

population growth is expected to remain at 0.4

percent annually through the next five years.

The population of St. Louis is slightly older than

the nation, with a median age at 38.5. As such,

the largest age segment is the 45- to 64-year-old

Cohort, accounting for 28 percent of the

population. This group represents individuals

within their prime earning years. It also contains

many members of the baby boomer generation,

which will move into retirement over the next five

years.

The St. Louis population is well educated.

Approximately 30 percent of residents age 25 or

older have a bachelor's degree, compared with

28.6 percent nationally. The expanding local

economy should attract and retain educated

workers.

With a median price around $138,900, home

prices in St. Louis are some of the lowest among

large Midwestern cities and well below the U.S.

median. This allows more than 70 percent of

households to own their homes.

* Forecast Sources: Marcus & Millichap Research Services, AGS, Experian, Moody's Analytics, U.S. Census Bureau


ST LOUIS

Quality Of Life

The St. Louis metro offers an attractive quality of

life to its residents, combining big-city amenities

with Midwestern hospitality. The metro boasts

numerous public and private golf courses, more

than 100 parks, 200 miles of trails and the

Gateway Arch. Many of St. Louis' premier

attractions, including the St. Louis Zoo, the St.

Louis Art Museum, the Missouri History Museum

and the Municipal Opera, are located in Forest

Park. The park also features two golf courses

and dozens of athletic fields.

The region has its share of amusement parks.

Residents can enjoy a day with family at Raging

Rivers Water Park in Grafton, Illinois, or Six

Flags St. Louis in Eureka, Missouri.

For those who love sports, the area is home to

the St. Louis Cardinals, St. Louis Rams and the

St. Louis Blues. Within a few hours from the city

is Lake of the Ozarks, Missouri's largest body of

water, offering numerous destinations for

hunting, fishing, camping, hiking and spelunking.

There are more than 40 colleges, universities

and technical schools in the metro, enrolling

around 200,000 students a year. Washington

University in St. Louis is highly ranked among

U.S. universities.

* Forecast Sources: Marcus & Millichap Research Services, National Association of Realtors, Moody's Analytics,

U.S. Census Bureau

The information contained in the market overview comes from sources deemed to be reliable, however, no representation, warranty or guarantee, express or implied, may be made as to the accuracy or reliability of the information contained herein. The most timely data available at time of production, including estimates and forecasts, were used and may be subject to revision.


ST. LOUIS

Seeds for Growth Planted In St. Louis as Hiring Accelerates

Blossoming research and tech companies serving the healthcare sector will cultivate employment

growth, boosting office operations in St. Louis. While larger expanding firms such as Boeing,

SunEdison, Centene and Laclede Group have greater floor plate requirements, smaller companies

are also looking to grow. Veering away from traditional offices, some local entrepreneurs are

becoming creative and upgrading industrial buildings for their operations, remaining close to

transportation hubs. However, this has not yet posed a threat to existing available office buildings as

many companies still demand traditional space and amenities. As the office market warms up with

new jobs, developers are planning mixed-use projects to meet the evolving demands for smaller

footprints and open floor plans among office-using employers. Demand is highest in the

southwestern section of the metro, where vacancy is on the cusp of falling to 10 percent this year.

Employment hubs in the northwest along Highway 270, however have room to improve, with

vacancies in the 15 to 16 percent range.

A broad range of properties are maintaining performance in the metro, with scope for growth in the

next few years. While institutional investors dominate ownership of large footprint office towers,

buildings under 50,000 square feet are owned primarily by local entities or individuals. Many of

these investors will exchange these assets to reposition into similar office properties that can be re-

tenanted, supporting increased yields. Intense competition will ensue for larger office assets, as a

number of local firms have the capital to meet institutional level bids. Retro, value-add properties in

the western portion of the county near Creve Coeur are also a popular option.

* Estimate ** Forecast

Sources: BLS, CoStar Group, Inc.


ST. LOUIS

2015 Market Outlook

■ 2015 NOPI Rank: 36, Down 8 Places. St. Louis retracted eight positions in the Index as office

vacancy remains stubbornly elevated.

■ Employment Forecast: Employers will generate 28,000 positions, including 12,000 office-using

jobs. This represents a 2.1 percent advance and an acceleration from last year's 1.7 percent

growth to overall jobs.

■ Construction Forecast: Developers are slated to complete 100,000 square feet of office space

this year, following 420,000 square feet.

■ Vacancy Forecast: The vacancy rate will ebb 20 points to 13.6 percent down from last year's 40-

basis point fall.

■ Rent Forecast: Asking rents will rise 1.2 percent to $18.05 per square foot, building on the 1.6

percent growth in 2014.

■ Investment Forecast: Though the current pace of sales has room to reach peak levels, employers

are optimistic, creating demand for smaller spaces for startups and small businesses. Owners

can optimize through re-tenanting and lease-up of assets.

* Estimate ** Forecast

Sources: CoStar Group, Inc., Real Capital Analytics


DEMOGRAPHIC REPORT

1 Mile 3 Miles 5 Miles

2000 Population 3,730 56,012 143,942

2010 Population 4,050 55,815 147,824

2014 Population 4,219 57,252 151,923

2019 Population 4,525 58,554 156,978

2000 Households 1,531 19,804 51,653

2010 Households 1,818 21,758 57,169

2014 Households 1,900 22,384 58,902

2019 Households 2,077 23,262 61,705

2014 Average Household Size 2.42 2.54 2.52

2014 Daytime Population 4,242 21,383 51,344

2000 Owner Occupied Housing Units 81.07% 80.65% 78.73%

2000 Renter Occupied Housing Units 15.21% 17.01% 18.52%

2000 Vacant 3.72% 2.34% 2.75%



2014 Vacant 5.32% 3.51% 3.97%



2019 Vacant 5.55% 3.70% 4.17%

$ 0 - $14,999 8.5% 5.2% 5.2%

$ 15,000 - $24,999 10.0% 7.6% 7.5%

$ 25,000 - $34,999 9.2% 8.2% 8.2%

$ 35,000 - $49,999 14.3% 13.1% 13.6%

$ 50,000 - $74,999 20.6% 22.3% 21.9%

$ 75,000 - $99,999 15.4% 18.8% 18.0%

$100,000 - $124,999 7.9% 11.1% 11.0%

$125,000 - $149,999 6.2% 6.2% 6.8%

$150,000 - $199,999 4.8% 5.1% 5.2%

$200,000 - $249,999 1.1% 1.0% 1.2%

$250,000 + 2.2% 1.4% 1.4%

2014 Median Household Income $59,394 $66,937 $66,768

2014 Per Capita Income $34,213 $31,039 $31,162

2014 Average Household Income $75,262 $79,276 $79,983

Demographic data © 2012 by Experian.


SUMMARY REPORT

Geography: 5 Miles

Population

In 2014, the population in your selected geography is 151,922. The population has changed by 5.54% since 2000. It is

estimated that the population in your area will be 156,978 five years from now, which represents a change of 3.32% from

the current year. The current population is 48.77% male and 51.22% female. The median age of the population in your

area is 38.5, compare this to the Entire US average which is 37.3. The population density in your area is 1,932.00 people

per square mile.

Households

There are currently 58,902 households in your selected geography. The number of households has changed by 14.03%

since 2000. It is estimated that the number of households in your area will be 61,705 five years from now, which

represents a change of 4.75% from the current year. The average household size in your area is 2.52 persons.

Income

In 2014, the median household income for your selected geography is $66,768, compare this to the Entire US average

which is currently $51,972. The median household income for your area has changed by 15.86% since 2000. It is

estimated that the median household income in your area will be $79,518 five years from now, which represents a

change of 19.09% from the current year.

The current year per capita income in your area is $31,161, compare this to the Entire US average, which is $28,599. The

current year average household income in your area is $79,982, compare this to the Entire US average which is $74,533.

Race & Ethnicity

The current year racial makeup of your selected area is as follows: 89.70% White, 4.56% Black, 0.06% Native American

and 2.26% Asian/Pacific Islander. Compare these to Entire US averages which are: 71.60% White, 12.70% Black, 0.18%

Native American and 5.02% Asian/Pacific Islander.

People of Hispanic origin are counted independently of race. People of Hispanic origin make up 3.42% of the current

year population in your selected area. Compare this to the Entire US average of 17.13%.

Housing

In 2000, there were 41,816 owner occupied housing units in your area and there were 9,836 renter occupied housing

units in your area. The median rent at the time was $552.

Employment

In 2014, there are 51,344 employees in your selected area, this is also known as the daytime population. The 2000

Census revealed that 65.40% of employees are employed in white-collar occupations in this geography, and 34.53% are

employed in blue-collar occupations. In 2014, unemployment in this area is 4.50%. In 2000, the average time traveled to

work was 24.8 minutes.



POPULATION DENSITY


Number of people living in a given area per square mile.


EMPLOYMENT DENSITY


The number of people employed in a given area per square mile.


AVERAGE HOUSEHOLD INCOME


Average income of all the people 15 years and older occupying a single housing unit.


AREA MAP

5401 veterans memorial pkwy...st. peters corporate center i 5401 veterans memorial parkway, st....

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