Office Medical
Pawtucket Medical Center
126 Prospect St, Pawtucket, RI 02860
Listing Price: $1,650,000
Investment Overview
Half the population of Rhode Island can access the Pawtucket Medical Center in less than 20-30 minutes via I-95. The property is accessible within 3-minutes of exiting I-95 and benefits benefits from its excellent visibility, high traffic counts on Prospect Street and closest intersections, and has ample parking. Medical service-providing tenants benefit from the presence of regional and national healthcare tenants within a 1 mile radius, a Fresenius Dialysis center across the street, and Carewell New England's Ambulatory Surgery Centers located less than a quarter mile away.
The large medical tenants have operated successfully for more than 10 years. Supply constraints in the immediate vicinity for small suites suitable for client-facing sole-proprietors have a strong proven occupancy record. Providence and Pawtucket vacancy rates have been below 7% over the past 8 years. The center has been more than 90% occupied for the past 2 years, with small-suite vacancies not lasting longer than 60 days.
Pawtucket Medical Center
Investment Highlights
- Located less than 0.2 miles from I-95, 1.5 miles from the Pawtucket/ Central Falls Station. 5 miles from downtown Providence. Prospect Street sees more than 15,000 VPD.
- Within a half-mile radius, there are 2 Carewell New England ASC's, dialysis center, urgent care, as well as tenants such as BrownHealth, Atrius, Gateway Healthcare, and more than 10 sole-proprietors.
- Strong track record of high occupancy with minimal marketing efforts to fill smaller suites. Prime property to maintain cash-flow or reposition with regional healthcare tenants.
Exclusively Listed By
Broker of Record
-
Thomas Shihadeh
Vice President/Regional Manager
Listing Price: $1,650,000
Investment Highlights
- Located less than 0.2 miles from I-95, 1.5 miles from the Pawtucket/ Central Falls Station. 5 miles from downtown Providence. Prospect Street sees more than 15,000 VPD.
- Within a half-mile radius, there are 2 Carewell New England ASC's, dialysis center, urgent care, as well as tenants such as BrownHealth, Atrius, Gateway Healthcare, and more than 10 sole-proprietors.
- Strong track record of high occupancy with minimal marketing efforts to fill smaller suites. Prime property to maintain cash-flow or reposition with regional healthcare tenants.
Investment Overview
Half the population of Rhode Island can access the Pawtucket Medical Center in less than 20-30 minutes via I-95. The property is accessible within 3-minutes of exiting I-95 and benefits benefits from its excellent visibility, high traffic counts on Prospect Street and closest intersections, and has ample parking. Medical service-providing tenants benefit from the presence of regional and national healthcare tenants within a 1 mile radius, a Fresenius Dialysis center across the street, and Carewell New England's Ambulatory Surgery Centers located less than a quarter mile away. The large medical tenants have operated successfully for more than 10 years. Supply constraints in the immediate vicinity for small suites suitable for client-facing sole-proprietors have a strong proven occupancy record. Providence and Pawtucket vacancy rates have been below 7% over the past 8 years. The center has been more than 90% occupied for the past 2 years, with small-suite vacancies not lasting longer than 60 days.
Exclusively Listed By
Broker of Record
-
Thomas Shihadeh
Vice President/Regional Manager
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