Property details
Medical Real Estate, Southwest Region
Property Description
Medical Real Estate
• Medical Real Estate with a 25 year, triple net lease
• Experienced Medical Rehab Operator
• Excellent Healthcare Medical Real Estate Location.
• Brand New Medical Construction
• Lease Guarantee: $100 million net worth
Two-story medical real estate, 50-bed rehabilitation hospital designed as a brick clad steel frame building within the guidelines of the tenant’s Design Review Committee. The second floor is a suspended composite slab supported by a structural steel frame of columns, beams and bar joists. The brick and other specified exterior materials were designed to adhere to a material and color palette set forth by the city. There is a drop off canopy at the main entry. The land is part of a planned community with retail, medical, commercial and residential. A new 150,000 square foot Lifetime Fitness occupies the land directly behind this medical real estate site.
NOI shown is CAP x Price. Actual NOI is subject to verification.
Property lease dates shown are estimates. Actual dates are subject to verification.
Why invest in Medical Real Estate ?
Medical Real Estate is a unique real estate investment that can safely predict its future tenants. With the baby boomers retiring, it is a common saying that there will not be enough medical real estate to house the entire wave of elderly.
Properties related to Medical Real Estate
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» Search for all properties related to Medical 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:
- Under contract
- Price:
- $20,250,000
- PSF:
- $421
- Cap Rate:
- 8.21%
- Annual Rent:
- $1,662,375
- Rent Increases:
- 2.5% Annual Rental Increases
Property Information
- Building Size:
- 48,078 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Medical - Healthcare
- Units/Spaces:
- 1
- Year Built:
- 2006
- Land Area:
- 2.79 acres
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Inquire
- Lease Type:
- NNN
- Lease Commencement:
- 10/1/2006
- Lease Expiration:
- 10/1/2031
- Lease Term:
- 25 years
- Years Remaining:
- 23 years
- Landlord Responsibilities:
- None
- Options:
- Inquire
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.