Single-Tenant Office Medical
Signature Behavioral Health Ashtabula
4726 Main Ave, Ashtabula, OH 44004
Listing Price: $5,590,000
Investment Overview
Marcus & Millichap is Pleased to Present the Signature Health Center Located in the Historic Ashtabula Hotel. This Six Story 45,851 Square Foot Building was Originally Constructed in 1930 as a Hotel in Downtown Ashtabula, Ohio. It was Purchased in 2003 and Remains a Historic Landmark. Due to it’s Historic Classification, it Underwent a Full Rehab in 2013. Since then, the Building Continues to Remain in Good Health. Signature Health is Responsible for all Maintenance and Expenses Associated with the Property Except Roof, Structure, Parking Lot, and HVAC Replacement. Outpatient Programs at the Facility Provide a Wide Range of Psychiatric Counseling and Case Management Services Including Diagnostic Assessments, Psychiatry, Partial Hospitalization, Mental Health, Substance Abuse Treatment, Case Management, Individual Counseling, Marital Counseling, Behavior Therapy, Group Therapy, Pharmacy, Lab Services, Integrated Medicine, and Suboxone Treatment.
Signature Behavioral Health Ashtabula
Investment Highlights
- Tenant is a Leader in Mental Health, Primary Care, and Substance Abuse Rehabilitation Services in Northeast Ohio.
- Tenant Expanded 15 Percent Into Unleased Space Within Building, Reinforcing Long Term Commitment.
- 6.7 Year Remaining on Lease, with Two – Five Year Options.
- Signature Health Ashtabula is Companies Most Profitable Location, $20+ Million of Companies $89 Million Total 2021 Net Revenue.
- Minimal Landlord Responsibility.
- Fully Renovated in 2013.
Exclusively Listed By
Financing By
Single-Tenant Office Medical
Signature Behavioral Health Ashtabula
Listing Price: $5,590,000
Investment Highlights
- Tenant is a Leader in Mental Health, Primary Care, and Substance Abuse Rehabilitation Services in Northeast Ohio.
- Tenant Expanded 15 Percent Into Unleased Space Within Building, Reinforcing Long Term Commitment.
- 6.7 Year Remaining on Lease, with Two – Five Year Options.
- Signature Health Ashtabula is Companies Most Profitable Location, $20+ Million of Companies $89 Million Total 2021 Net Revenue.
- Minimal Landlord Responsibility.
- Fully Renovated in 2013.
Investment Overview
Marcus & Millichap is Pleased to Present the Signature Health Center Located in the Historic Ashtabula Hotel. This Six Story 45,851 Square Foot Building was Originally Constructed in 1930 as a Hotel in Downtown Ashtabula, Ohio. It was Purchased in 2003 and Remains a Historic Landmark. Due to it’s Historic Classification, it Underwent a Full Rehab in 2013. Since then, the Building Continues to Remain in Good Health. Signature Health is Responsible for all Maintenance and Expenses Associated with the Property Except Roof, Structure, Parking Lot, and HVAC Replacement. Outpatient Programs at the Facility Provide a Wide Range of Psychiatric Counseling and Case Management Services Including Diagnostic Assessments, Psychiatry, Partial Hospitalization, Mental Health, Substance Abuse Treatment, Case Management, Individual Counseling, Marital Counseling, Behavior Therapy, Group Therapy, Pharmacy, Lab Services, Integrated Medicine, and Suboxone Treatment.
Exclusively Listed By
Financing By
