Description

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Marcus & Millichap is pleased to present the HSHS Administration Center in O'Fallon, Illinois. The property was a redevelopment completed in 2021. Located in the St. Louis metropolitan statistical area (MSA), where single-tenant properties have seen a significant increase in desirability.

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The property was redeveloped and completed in 2021. It is located in the St. Louis Metropolitan Statistical Area (MSA), where single-tenant properties have significantly increased desirability.

 

The seller, a long-time developer for the tenant, has signed a 7-year triple-net lease with landlord responsibilities for roof, structure, and HVAC replacement. The lease started in April 2021, so a new investor will have about 3.75 years left on the original term with 2, 5-year options to extend.

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Information on Hospital Sisters Health System:

Since 1875, the Hospital Sisters of St. Francis have been caring for patients in Illinois, Wisconsin, and other locations in the United States and across the world. Today, the Hospital Sisters Health System (HSHS) is a multi-institutional healthcare system that cares for patients in 14 communities in Illinois and Wisconsin.

 

HSHS is working with our physician partners to provide the patients we serve with a seamless, highly integrated experience that is efficient and allows for easy access to care. Their efforts around Care Integration involve breaking down the traditional barriers that prevent coordination between various clinicians by embracing medical information technology and applying evidence-based practices to the diagnosis and treatment of their patients.

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O'Fallon, Illinois is the fastest-growing community in the St. Louis Metro East, and the 5th fastest-growing in the entire region.

 

O’FALLON WINS THE GOVERNOR’S HOMETOWN AWARD

NEWS FROM O'FALLON CITY HALL FOR IMMEDIATE RELEASE

AUGUST 19, 2022 - 1:27PM

O’Fallon, Illinois – The City of O’Fallon has been awarded the 2022 Governor’s Cup, the highest honor from the Governor’s Hometown Awards

https://www.ofallonillinois.org/key-statistics-and-demographics-for-businesses/#:~:text=O'Fallon%20Market%20Growth,growing%20in%20the%20entire%20region

 

Article: https://www.ibjonline.com/2021/05/08/drive-up-lab-services-now-offered-in-ofallon/

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*S&P Ratings assigned an "AA-/A-1+" dual rating to Springfield, Ill.-based Hospital Sisters Health System's series 2017B bonds. "The 'AA-' rating continues to reflect our view of HSHS leadership's successful implementation of a strategic plan, which has helped improve the system's operations while maintaining its strong balance sheet," said S&P analyst Brian Williamson. The outlook is stable, reflecting S&P's opinion that HSHS' senior management will be able to achieve its goal of a 2 percent operating margin. The agency also affirmed the following ratings on HSHS' bonds, including:

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• "AA-" long-term rating on its series 2017A bonds

• "AA-" long-term rating its series 2016 bonds

• "AA-" long-term rating on its series 2012C bonds

• "AA-" long-term rating on its series 2012B bonds

• "AA-" underlying rating on its series 2007A

• "AA-" underlying rating on its series 2007C bonds

• "AA-/A-1+" dual rating on its series 2012H and 2012I bonds

• "AA-/A-1+" dual rating and "AA-" rating on its series 2012G bonds

 

https://www.beckershospitalreview.com/finance/s-p-assigns-aa-a-rating-to-hospital-sisters-health-system-s-bonds.html