Property details
Health Care Real Estate, Southwest Region
Property Description
Health Care Real Estate
Health Care Real Estate
• Renovated 2000
• Health Care Tenant real estate with shared parking
• This health care real estate has Interstate exposure of 250,000 cars per day
This health care real estate Hospital is located on 8.81 acre site including a 3.94 acre surplus land parcel. This real estate is comprised of a three story health care Hospital with130 beds. The health care building occupies an irregular shaped 8.81 acre real estate site including a 3.94 acre surplus land parcel.
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Images
Highlights
- Status:
- Available
- Price:
- $18,662,425
- PSF:
- $212
- Cap Rate:
- 8.01%
- Annual Rent:
- $1,494,994
- Rent Increases:
- Estimated 10.24% CPI Rent Inc. at Year 3. $1,648,082 is the estimated projected rental rate January 2010 based on historical CPI increases per Lease agreement.
Property Information
- Building Size:
- 88,000 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Medical - Healthcare
- Units/Spaces:
- 1
- Year Built:
- 1974
- Land Area:
- 8.81 acres
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Inquire
- Lease Type:
- NNN
- Lease Commencement:
- 1/24/2000
- Lease Expiration:
- 1/31/2015
- Lease Term:
- 15 years
- Years Remaining:
- 5 years
- Landlord Responsibilities:
- None - NNN Lease
- Options:
- One five-year"AS-IS" renewal option with scheduled Base Rent increases based on cumlative CPI increases
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.