20 University Estates Blvd - Medical FOR SALE


Athens, OH 45701
$5,799,000 USD
513-300-0763
20 University Estates Blvd, Athens, OH for Sale
$5,799,000 USD
Medical - FOR SALE
1/5
null | 6.45% Cap Rate

20 University Estates Blvd
Athens, OH 45701


HIGHLIGHTS

  • Located in Athens, home to Ohio University (21,000 students)
  • Long-term lease with 10+ years remaining
  • 2.5% annual rental increases in the primary term & renewal options
  • New 10-year lease extension demonstrating tenant’s commitment to the property
  • Proven successful location with an established patient base and reputation in the community
  • Triple net lease with the tenant responsible for all property maintenance and operating expenses

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant Marietta Memorial Hospital medical office building located in Athens, OH. The property is an orthopedic surgery center and an orthopedic doctor’s office. The tenant recently executed a new 10-year lease extension demonstrating their commitment to the property and the success of the practice. The lease features 2.5%annual rental increases. Marietta Memorial Hospital is a leading regional health system founded in 1921 and has over 3,500 employees. The surgery center is strategically located two miles west of the Ohio University, which has over 21,000 students. There are over 25,000 people that live within three miles of the property.

FOR SALE DETAILS

PRICE

$5,799,000 USD

PRICE/SF

$426 USD /SF

CAP RATE

6.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

2.33 AC

LAND SF

101,495 SF

ZONING

Commercial

APN/PARCEL ID

A02-74000076-01

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.