Property details
Medical Property, Southwest Region
Property Description
Medical Property with NNN Sale/Leaseback
• NNN Medical office property
• New 15-year Lease Term
• Brick Construction
• Completed in 2002
• Within close proximity to major medical hospital property
• Well suited for private or 1031-exchange investors seeking high quality medical property replacements
Physician-owned medical property and operated ambulatory surgery center and medical office property currently 100% leased.
Property lease dates shown are estimates. Actual dates are subject to verification.
Why a Medical Property Medical Property over a retail property?
Medical property buyers find comfort in knowing that the demand for medical services is increasing at a rapid rate with few medical properties to house all practices and patients.
Properties related to Medical Property
| » Medical Real Estate | » Medical Center Real Estate |
» Search for all properties related to Medical Property 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- Withdrawn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:
- $7,268,600
- PSF:
- $245
- Cap Rate:
- 8.39%
- Annual Rent:
- $610,000
- Rent Increases:
- Attractive 2.0% Annual Rental Increases
Property Information
- Building Size:
- 29,696 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Medical - Healthcare
- Units/Spaces:
- 1
- Year Built:
- 2002
- Land Area:
- 2.57 acres
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Inquire
- Lease Type:
- NNN
- Lease Commencement:
- 12/1/2007
- Lease Expiration:
- 10/1/2022
- Lease Term:
- 15 years
- Years Remaining:
- 14 years
- Landlord Responsibilities:
- None
- Options:
- Three (3), Five (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.