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Single-Tenant Office Medical

Valley Health | Washington, D.C. MSA | Right Off I-81

33674 Old Valley Pike, Strasburg, VA 22657

Listing Price: $852,539

Cap Rate
9.00%
Tenant Name
Shenandoah Memorial Hospital - Valley Health
Years Remaining On Lease
2.2
Gross SF
5,425
Guarantor
Corporate Guarantee
Rentable SF
5,425
Price/Gross SF
$157.15
Lease Type
Double Net
Rent Per Square Feet
$16.45

Investment Overview

Marcus & Millichap’s Healthcare Real Estate Group is pleased to present the exclusive listing for the Valley Health Strasburg location. The Property is located at the entrance to Strasburg and minutes from Interstate 81 and downtown Strasburg. The Town of Strasburg is located in north-central Shenandoah County at the northern end of the Shenandoah Valley. It is the largest of the six communities in Shenandoah County and is part of the Davis Magisterial District. The town lies on the North Fork of the Shenandoah River in a small basin formed by the river as it loops through the Valley with one of its major loops creating a peninsula just south of town known as Sandy Hook. Geographically the town is generally surrounded by natural barriers with the Shenandoah River and Three Top Mountain lying to the south and east, and historic Cedar Creek and Little North Mountain lying to the north and west. Shenandoah County is strategically located in the northwestern portion of Virginia, between the Allegheny and Massanutten Mountains, in the heart of the Shenandoah Valley. Washington, D.C., Baltimore (MD), Richmond, Roanoke, and Harrisburg (PA) are all located within 150 miles of Woodstock, Shenandoah County’s seat. Virginia’s Northern Shenandoah Valley is the mid-Atlantic crossroads for Interstates 81 and 66. Interstate 66 provides easy access to points east including Washington, D.C. and Baltimore. Interstate 81 travels north-south the entire length of the County, with nine interchanges including one at I-66 north of Strasburg. Interstate 64 lies just south of the County. U.S. Route 11 also travels north-south and U.S. 211 crosses the County’s southern tip. State primary routes 42, 263, and 55 also serve as connector roads. As a transportation hub it gives overnight access to 60% of U.S. industrial activity; is within 500 miles of 50% of the population; and offers direct access to Canadian markets via I-81.

Investment Highlights

  • The Property, located on Old Valley Pike, presents a terrific investment or user opportunity with cash flow until April 2025.
  • Valley Health, the largest healthcare provider in the Shenandoah Valley, has outgrown the space and is building a larger campus directly across the street on Old Valley Pike.
  • The Property offers an investor or user the opportunity to purchase a medical office building well-below replacement cost and adjacent to Valley Health's upcoming medical campus.
  • Frontage on Route 11 with over 12,782 vehicles per day and direct access to Interstate-81, less than 1/2 mile away.

Exclusively Listed By

  • Chandler Pace

    Senior Associate

    (202) 536-3744

    Email Chandler

    License(s): VA: 0225211596, DC: SP200203415, MD: 678875, FL: SL3511619

    Washington, D.C.

  • Robert Filley

    First Vice President Investments

    (202) 536-3736

    Email Robert

    License(s): DC: SP98366082, MD: 579129, VA: 0225079990

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Single-Tenant Office Medical

Valley Health | Washington, D.C. MSA | Right Off I-81

Listing Price: $852,539

Cap Rate
9.00%
Tenant Name
Shenandoah Memorial Hospital - Valley Health
Years Remaining On Lease
2.2
Gross SF
5,425
Guarantor
Corporate Guarantee
Rentable SF
5,425
Price/Gross SF
$157.15
Lease Type
Double Net
Rent Per Square Feet
$16.45

Investment Highlights

  • The Property, located on Old Valley Pike, presents a terrific investment or user opportunity with cash flow until April 2025.
  • Valley Health, the largest healthcare provider in the Shenandoah Valley, has outgrown the space and is building a larger campus directly across the street on Old Valley Pike.
  • The Property offers an investor or user the opportunity to purchase a medical office building well-below replacement cost and adjacent to Valley Health's upcoming medical campus.
  • Frontage on Route 11 with over 12,782 vehicles per day and direct access to Interstate-81, less than 1/2 mile away.

Investment Overview

Marcus & Millichap’s Healthcare Real Estate Group is pleased to present the exclusive listing for the Valley Health Strasburg location. The Property is located at the entrance to Strasburg and minutes from Interstate 81 and downtown Strasburg. The Town of Strasburg is located in north-central Shenandoah County at the northern end of the Shenandoah Valley. It is the largest of the six communities in Shenandoah County and is part of the Davis Magisterial District. The town lies on the North Fork of the Shenandoah River in a small basin formed by the river as it loops through the Valley with one of its major loops creating a peninsula just south of town known as Sandy Hook. Geographically the town is generally surrounded by natural barriers with the Shenandoah River and Three Top Mountain lying to the south and east, and historic Cedar Creek and Little North Mountain lying to the north and west. Shenandoah County is strategically located in the northwestern portion of Virginia, between the Allegheny and Massanutten Mountains, in the heart of the Shenandoah Valley. Washington, D.C., Baltimore (MD), Richmond, Roanoke, and Harrisburg (PA) are all located within 150 miles of Woodstock, Shenandoah County’s seat. Virginia’s Northern Shenandoah Valley is the mid-Atlantic crossroads for Interstates 81 and 66. Interstate 66 provides easy access to points east including Washington, D.C. and Baltimore. Interstate 81 travels north-south the entire length of the County, with nine interchanges including one at I-66 north of Strasburg. Interstate 64 lies just south of the County. U.S. Route 11 also travels north-south and U.S. 211 crosses the County’s southern tip. State primary routes 42, 263, and 55 also serve as connector roads. As a transportation hub it gives overnight access to 60% of U.S. industrial activity; is within 500 miles of 50% of the population; and offers direct access to Canadian markets via I-81.

Exclusively Listed By

  • Chandler Pace

    Senior Associate

    (202) 536-3744

    Email Chandler

    License(s): VA: 0225211596, DC: SP200203415, MD: 678875, FL: SL3511619

    Washington, D.C.

  • Robert Filley

    First Vice President Investments

    (202) 536-3736

    Email Robert

    License(s): DC: SP98366082, MD: 579129, VA: 0225079990

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

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