Listed by Marcus & Millichap - Indianapolis
$6,510,000
Pinnacle Treatment Center (135 Locations)
Details
Property Type Office
Sub Type Medical Office
Square Footage 27,600
Net Rentable (SqFt) 27,600
Cap Rate 7.25%
NOI $472,173
Occupancy 100%
Tenancy Single
Brand/Tenant Pinnacle Treatment Center
Lease Type Absolute NNN
Lease Term 23
Lease Expiration 07/31/2035
Remaining Term 9.2
Rent Bumps Yes
Lease Options One, Ten-Year
Pro-Forma Cap Rate 9.19%
Pro-Forma NOI $598,135
Price per SqFt $236
Broker Co-Op Yes
Year Built 2003
Acreage 10.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/02/2012
Occupancy Date 08/02/2012
Ground Lease No
Ownership Fee Simple
Corporate Guarantee (135 Locations) | 9+ Years Left | 3.00% Annual Bumps
Marketing description
Pinnacle Treatment Centers is a leading provider of comprehensive addiction and substance use disorder treatment services in the United States. Founded in 2006, the organization has grown from a small outpatient provider in Pennsylvania into a large, community-based treatment network serving more than 35,000 patients daily across over 135 locations in nine states, including California, Georgia, Indiana, Kentucky, New Jersey, North Carolina, Ohio, Pennsylvania, and Virginia
Listing Contacts
Listed by Marcus & Millichap - Indianapolis
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$472,173.00
$39,347.75/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Is there information that looks off?
