The Hill Medical Offices consist of three office buildings situated on 3.48 acres. Located .5 miles from Milford Regional Medical Center(UMass Medical), and the Dana Farber / Brigham and Women’s Cancer Center, this property has consistently hosted medical tenants for decades. MRMC is a 149 bed, University of Massachusetts teaching hospital. This property has a strong synergy with MRMC. Two thirds of the property is directly occupied by the hospital or hospital-controlled practices. This relationship began in the 1980s and has only expanded over the years. The remaining medical tenants are all multi-doctor practices, most with at least two or three locations. While the credit and duration of these leases provide a stable investment, significant upside can be realized by increasing rents and repurposing some of the professional spaces for medical use.
Located three miles from Interstate 495, the property is within a thirty-minute drive of more than one million people, including the cities of Worcester and Providence. The location provides ample amenities, including six restaurants within one mile. The assets have been extremely well maintained. The parking lots have been refinished in recent years along with the roofs. Modern entry systems and security have also been added in the past five years.