Listed by Bang Realty, Encore Real Estate Investment Services
$5,350,000
United Health Group Medical Office Complex
Details
Property Type Office
Sub Type Medical Office
Square Footage 22,170
Cap Rate 8.15%
NOI $448,794
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 8.4
Lease Expiration 12/31/2028
Remaining Term 2.4
Rent Bumps Yes
Price per SqFt $241
Class B
Year Built 1983
Year Renovated 2025
Buildings 5
Stories 1
Acreage 2.550
Zoning C-3
Investment Type Net Lease
Lease Commencement 07/31/2020
22,170 Square Foot Medical Office Complex
Investment highlights
- 22,170 Square Foot Medical Office Complex
- Five Building, Single-Story Medical Complex With The Following Specialties: Family Medicine, Foot & Ankle Surgery, Internal Medicine, Occupational Therapy, Pain Medicine, Podiatry, and Imaging Center
- Tenant Reimburses for ALL Expenses
- Fourteen Individually Metered Office Suites
- Zoned C-3: Permits a Wide Range of Commercial Office Uses
- Directly Across From Methodist Hospital
- Nearly 250,000 Residents Within 5 Miles of Subject Property
- Located In Close Proximity To Major National Retailers Including Home Depot, Lowes, Sam's Club, Target, Burlington, Starbucks, O'Reilly, Dollar General, Advance Auto Parts, and Many More
- Strong Interior Layout Designed For Efficient Office Operations
- Ample On-Site Parking Supporting Tenant and Visitor Demand
- Tenant Recently Deployed $1M+ Into Building Improvement
- Ingress and Egress From Both Briggs Ave and Barlite Blvd
- Dedicated Monument and Building Signage
- Separate Entrances For Multiple Suites Improve Tenant Privacy and Accessibility
Listing Contacts
Listed by Bang Realty, Encore Real Estate Investment Services
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$448,794.00
$37,399.50/mo
Valuation Metrics
0
DSCR
8.39%
Cap Rate
8.39%
ROI
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