Property details
Medical Center Real Estate, Southeast Region
Property Description
Medical Center Real Estate
• Portfolio of six (6) single-tenant medical center real estate office facilities
• 100% net leased to a Cancer Centers tenant
This medical center investment opportunity offers a long-term real estate into a absolute net lease with aggressive annual rental increases. The tenant is a leading cancer treatment provider in the State and treats patients from across the U.S. These medical center real estate properties are strategically located within a major city MSA to maximize patient access and take advantage of nearby concentrations of medical center facilities and hospitals. The properties must be purchased as a single real estate portfolio.
Property lease dates shown are estimates. Actual dates are subject to verification.
Why does this medical center real estate portfolio have to be purchased as a portfolio?Mecical Center Real Estate portfolio have to purchased as one portfolio?
When this condition exists, its usually because the medical center real estate assets are all cross collateralized.
Properties related to Medical Center Real Estate
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» Search for all properties related to Medical Center Real Estate by using our PROPERTY SEARCH, expand the "Detailed" criteria, then choose "Medical / Health Care" under Industry Types.
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Highlights
- Status:
- Withdrawn
- Price:
- $19,925,000
- PSF:
- $292
- Cap Rate:
- 7.25%
- Annual Rent:
- $1,444,605
- Rent Increases:
- Annual rental increases of 2.0%, including option years.
Property Information
- Building Size:
- 68,131 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Medical - Healthcare
- Units/Spaces:
- 6
- Land Area:
- 9.79 acres
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Inquire
- Lease Type:
- NNN
- Lease Commencement:
- 10/1/2006
- Lease Expiration:
- 9/30/2026
- Lease Term:
- 20 years
- Years Remaining:
- 18 years
- Landlord Responsibilities:
- None. Absolute Net Lease.
- Options:
- Four 5-year renewal options.
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.