Listed by Scheer Partners
$8,625,000
Meritus Health - Hagerstown Heart
Details
Property Type Office
Sub Type Medical Office
Square Footage 20,454
Net Rentable (SqFt) 20,454
Cap Rate 6.20%
NOI $534,018
Occupancy 100%
Tenancy Single
Brand/Tenant Meritus Health
Lease Type NNN
Lease Term 7.4
Rent Bumps Yes
Price per SqFt $422
Year Built 2004
Zoning Industrial Mixed-Use
Parking Spaces 131 spaces
Parking Per SqFt 6.40
Investment Type Net Lease
Tenant Credit Corporate Guarantee
1733 Howell Road, Hagerstown, MD 21740-6638
Marketing description
Meritus Health recently signed an 'early' extension of their current lease term, solidifying their commitment to this mission critical location.
Investment highlights
- 100% Leased
- 20,454 SF
- Remaining Term 7.4 Years
- Tenant Executed Early Lease Extension
- Health System Credit
- Single Tenant NNN Lease
Listing Contacts
Listed by Scheer Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$534,018.00
$44,501.50/mo
Valuation Metrics
0
DSCR
6.19%
Cap Rate
6.19%
ROI
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