774 Christiana Rd - Health Care CONDO FOR SALE


Newark, DE 19713
$6,770,000 USD
215-603-6914
774 Christiana Rd, Newark, DE for Sale
$6,770,000 USD
Health Care CONDO - FOR SALE
1/8
null | 6.75% Cap Rate

774 Christiana Rd
Newark, DE 19713


HIGHLIGHTS

  • DOCS, part of the Surgery Partners network, has a multi-specialty, state-of-the-art facility & is the second-largest tenant of the campus
  • DOCS recently agreed to extend their existing lease for another 10 years of firm term with 2 x 5 year options to extend thereafter
  • Ownership has agreed to partially fund the tenant’s upcoming interior renovations to a state-of-the-art surgical center facility
  • The property is just 2 miles from 1039-bed, 1.3-million-square-foot Christiana Hospital
  • Dense and affluent demographics with over 199,000 people within a 5-mile radius and an average household income over $100,000
  • Delaware Outpatient Center for Surgery executed a NNN lease with minimal landlord responsibilities or expenses

OVERVIEW

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE the real estate that is occupied by Delaware Outpatient Surgery Center (DOCS), a state-of-the-art, multi-specialty medical facility located within the Neuroscience & Surgery Institute on Christiana Road in Newark, Delaware. DOCS is part of the Surgery Partners network, which includes over 4,600 affiliated physicians across more than 200 locations nationwide, serving over 600,000 patients annually. The center, a cornerstone of the 80,000 square foot medical campus, is home to more than 50 board-certified physicians and is known for its cutting-edge medical technology and patient care. Recently, the facility has extended its lease for 10 years with two 5-year renewal options, ensuring long-term tenancy at this mission-critical location.

FOR SALE DETAILS

PRICE

$6,770,000 USD

PRICE/SF

$481 USD /SF

CAP RATE

6.75%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Delaware Outpatient Center for Surgery

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

14,087 SF

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

CR

APN/PARCEL ID

09-023.00-024.C-0001,09-023.00-024.C-0002,09-023.00-024.C-0003,09-023.00-024.C-0101,09-023.00-024.C-0103,09-023.00-024.C-0105,09-023.00-024.C-0106,09-023.00-024.C-0107,09-023.00-024.C-0109,09-023.00-024.C-0111,09-023.00-024.C-0201,09-023.00-024.C-0202

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

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Matthew GormanCBRE, Inc.More Info
215-603-6914

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