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31999707
31999708

48462 Bell School Rd, Calcutta, OH 43920 For Sale

CB
Fl SL3424071
Marcus & Millichap - Orlando
SK
FL FL SL3508957
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando
$2,145,545
83 days on market
Updated 27 days ago

Salem Regional Medical Center | New Expansion Location

Details
Property Type Office
Sub Type Medical Office
Square Footage 11,800
Cap Rate 8.25%
NOI $177,000
Tenancy Single
Lease Type NN
Lease Term 5
Lease Expiration 03/30/2031
Remaining Term 4.7
Rent Bumps Yes
Lease Options Two Five-Year Options
Price per SqFt $182
Year Built 2001
Year Renovated 2026
Buildings 1
Acreage 3.000
Investment Type Net Lease
Lease Commencement 04/01/2026

Office | 8.25% CAP | 11,800 SqFt

Investment highlights

Double Net Lease Structure

Tenant Fully Responsible for Most Expenses Relating to the Property

Purpose-Designed Construction

Designed and Constructed as a Multi Specialty Clinic to Accommodate Specific Needs

Rent Growth Over Base Term and Options

5% Rental Increases in Year 3 and Year 5

2.5% Annual Rental Increases Throughout Option Terms

Significant Capital in Landlord Work

+/- $100,000 for New Floors, Cabinets, Faucets, Paint and Toilets in Exam Rooms and Common Area

Leased by Salem Regional Hospital System

Salem Regional Medical Center Is A Community-Focused Healthcare System Providing Comprehensive Medical Services Through Modern Facilities, Diverse Care Programs, And A Strong Emphasis On Patient-Centered Treatment And Regional Health Improvement

Stable Annual Revenue Growth Supported By Diverse Inpatient And Outpatient Service Lines

Strategic Investment In Advanced Medical Technology Driving Operational Efficiency And Financial

Performance

Strong Community-Based Funding, Partnerships, And Reimbursement Mix Enhancing Long-Term Financial Sustainability

Why This Location is Important

The New Calcutta Location Is Important For Salem Regional Medical Center Because It Expands Access To High-Quality Healthcare In A Growing Area, Reduces Travel Time For Patients In Surrounding Communities, And Strengthens The System’s Ability To Deliver Convenient, Outpatient-Focused Services Closer To Where People Live And Work

Services Offers

Primary Care, Lab Services, and Convenient Care

Listing Contacts

CB
Fl SL3424071
Marcus & Millichap - Orlando
SK
FL FL SL3508957
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$177,000.00
$14,750.00/mo

Valuation Metrics

0
DSCR
8.25%
Cap Rate
8.25%
ROI

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Additional Information

Name
Michael Glass
License
BRK.2007005898
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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