2299 Technology Dr
O'Fallon, MO 63368
Finance Centre · Office Property For Sale

Marcus & Millichap is pleased to present for your acquisition consideration The Finance Centre. The subject property, built in 2000, is currently 94 percent leased and sits on 4.51 acres in O'Fallon, Missouri. The 43,450 square foot Finance Centre is a cornerstone in the 1,200-acre master development of WingHaven, started in 1999. In 2017, powerhouses like Mercy have added to the explosive growth in surrounding area when they opened their Laboratory Services adjacent to The Centre. Nearly 1,000 multifamily units are set to come on line in the region to support the industry expansion. One half mile to the South, MasterCard's Global Technology and Operations headquarters employs 2,300 individuals. Visibility is not an issue- the site can be seen from Interstate 64 (US Highway 40/61) while sitting at the signalized intersection of WingHaven Boulevard and Technology Drive- both main thoroughfares for local traffic. Nearby, there is ample dining, hospitality, and retail amenities from local and national groups. As a final nod to the superior location of the office, owners can take comfort in the extremely high demographics of the city. 1-mile average household income is north of $103,000 while 5-mile population sits at 119,207 people.   Investors will enjoy the stability that comes with long-tenured tenants. All but two tenants have called The Centre home since 2012 or earlier. Midwest Bank Centre and Webster University are original tenants. Midwest Bank Centre has been focused on the St. Louis market since 1906. They have assets near $1.8 billion and deposits of $1.3 billion from 19 locations. Webster University is a private non-profit university with more than 17,000 students. They have enjoyed healthy growth and are headquartered in Webster Groves, Missouri. Other tenants include Edward Jones, Homesite Mortgage, Stark Brothers, and Griffin Personal Group.   The city's business-friendly initiatives have helped nurture the more than 1,600 businesses that call O'Fallon home. Consistently, the city is named one of Money Magazine's "top 100 places to live", the most recent nomination coming in 2014. With a growing population, high average household income, O'Fallon provides the ideal backdrop for The Midwest Bank Centre.