Listed by Northmarq - Tulsa
$11,465,000
Lowell General Hospital Medical Office Building
Details
Property Type Office
Sub Type Medical Office
Square Footage 27,234
Cap Rate 6.2%
NOI $710,837
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 09/30/2033
Remaining Term 7.3
Rent Bumps Yes
Lease Options 3, 5yr
Price per SqFt $421
Class B
Year Built 2018
Buildings 1
Stories 3
Acreage 2.620
Parking Spaces spaces
Investment Type Net Lease
Lease Commencement 10/01/2018
Urgent Care, Patient Service Center, Primary Care, Women’s Health, & Diabetes & Endocrine Center
Marketing description
Northmarq National Healthcare Group is pleased to present the opportunity to acquire the Lowell General Hospital Medical Office Building (MOB), a 27,324 square foot, purpose‑built, three‑story outpatient healthcare facility located at 9 Loon Hill Road in Dracut, Massachusetts, within the Greater Boston metropolitan area. Constructed in 2018, the property is just eight years old and was specifically designed for Lowell General Hospital, offering institutional‑quality construction and modern clinical layouts well suited for long‑term healthcare operations.
Investment highlights
- Absolute NNN Lease Structure
- Hospital‑Level Guaranty | Investment-Grade Credit
- Market‑Dominant Health System
- Purpose‑Built Medical Facility Below Replacement Cost
- Long-Term Lease with Favorable Renewal Options
Listing Contacts
Listed by Northmarq - Tulsa
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$710,837.00
$59,236.42/mo
Valuation Metrics
0
DSCR
6.2%
Cap Rate
6.2%
ROI
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