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Office Medical

Dover Medical Arts Building

340 Oxford St, Dover, OH 44622

Listing Price: $4,835,000

Cap Rate
7.80%
Gross SF
34,658
Rentable SF
33,806
Price/Gross SF
$139.51
Occupancy
87.8%
Year Built
2001
Lot Size
5.12 acres

Investment Overview

Marcus & Millichap is Pleased to Exclusively Present the Oxford Medical Arts Building Located in Dover, Ohio. The 34,658 Square Foot Medical Office is 87.83% Leased to a Variety of Industry Leading Medical Professionals. Tenants Include OrthUnited, Trinity Hospital (Pediatrics & Family Care), Retina Associates of Cleveland, and the Aultman Hospital (Family & Sleep Lab). Since 2023, All Six Tenants have Extended their Leases, Reinforcing their Longterm Commitment to the Facility. The Oxford Medical Arts Building is Located 1 Mile Away from the Cleveland Clinic Union Hospital, a 154 Bed Hospital that Generates Over $329 Million in Patient Revenue. Along with a Recent Lease Extension, Anchor Tenant UnitedOrtho Reinvested Over 1.5 Million Dollars Into their 27.7% Share of the Building. OrthoUnited has Provided Comprehensive Orthopaedic Care for 35 Years and Currently have Thirty-Three Physicians Practicing Across their Six Locations in Ohio. Cleveland Based Retina Associates has Provided Services for more than Fifty Years and have Grown to have Sixteen Doctors Providing Care Across their Thirteen Locations. Aultman Hospital has Cared for the Community for more than 130 Years and Currently have Twenty-Nine Locations and more than 500 Doctors. Finally, Trinity Hospital System is a Fully Service Health System with Over 300 Doctors Serving Patients in Need. The Investment Opportunity Offers Minimal Landlord Obligation Under the Triple-Net (NNN) Leases. The Four-Story Facility is Situated on Over 5 Acres of Land with Over 170 Parking Spaces, Pole Lighting, Covered Canopy Side Entrance, Two Working Elevators and more.

Investment Highlights

  • 87.83% LEASED TO A VARIETY OF INDUSTRY LEADING MEDICAL PROVIDERS
  • MULTIPLE TENANTS INVESTING OVER $2 MILLION FOR TI & BUILDOUT
  • LOCATED 1 MILE FROM THE CLEVELAND CLINIC UNION HOPSITAL (154 BEDS)
  • RECENT LEASE EXTENSIONS REINFORCING FOUR TENANTS LONGTERM INTENTIONS

Exclusively Listed By

Financing By

Office Medical

Dover Medical Arts Building

Listing Price: $4,835,000

Cap Rate
7.80%
Gross SF
34,658
Rentable SF
33,806
Price/Gross SF
$139.51
Occupancy
87.8%
Year Built
2001
Lot Size
5.12 acres

Investment Highlights

  • 87.83% LEASED TO A VARIETY OF INDUSTRY LEADING MEDICAL PROVIDERS
  • MULTIPLE TENANTS INVESTING OVER $2 MILLION FOR TI & BUILDOUT
  • LOCATED 1 MILE FROM THE CLEVELAND CLINIC UNION HOPSITAL (154 BEDS)
  • RECENT LEASE EXTENSIONS REINFORCING FOUR TENANTS LONGTERM INTENTIONS

Investment Overview

Marcus & Millichap is Pleased to Exclusively Present the Oxford Medical Arts Building Located in Dover, Ohio. The 34,658 Square Foot Medical Office is 87.83% Leased to a Variety of Industry Leading Medical Professionals. Tenants Include OrthUnited, Trinity Hospital (Pediatrics & Family Care), Retina Associates of Cleveland, and the Aultman Hospital (Family & Sleep Lab). Since 2023, All Six Tenants have Extended their Leases, Reinforcing their Longterm Commitment to the Facility. The Oxford Medical Arts Building is Located 1 Mile Away from the Cleveland Clinic Union Hospital, a 154 Bed Hospital that Generates Over $329 Million in Patient Revenue. Along with a Recent Lease Extension, Anchor Tenant UnitedOrtho Reinvested Over 1.5 Million Dollars Into their 27.7% Share of the Building. OrthoUnited has Provided Comprehensive Orthopaedic Care for 35 Years and Currently have Thirty-Three Physicians Practicing Across their Six Locations in Ohio. Cleveland Based Retina Associates has Provided Services for more than Fifty Years and have Grown to have Sixteen Doctors Providing Care Across their Thirteen Locations. Aultman Hospital has Cared for the Community for more than 130 Years and Currently have Twenty-Nine Locations and more than 500 Doctors. Finally, Trinity Hospital System is a Fully Service Health System with Over 300 Doctors Serving Patients in Need. The Investment Opportunity Offers Minimal Landlord Obligation Under the Triple-Net (NNN) Leases. The Four-Story Facility is Situated on Over 5 Acres of Land with Over 170 Parking Spaces, Pole Lighting, Covered Canopy Side Entrance, Two Working Elevators and more.

Exclusively Listed By

Financing By

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