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Office Medical

950 N Wyomissing Blvd

950B N Wyomissing Blvd, Wyomissing, PA 19610

Listing Price: $11,700,000

Cap Rate
7.28%
Gross SF
35,090
Rentable SF
35,090
Price/Gross SF
$333.43
Occupancy
100.0%
Year Built
1998
Lot Size
2.24 acres

Investment Overview

Marcus & Millichap is pleased to exclusively present a 100% occupied ±35,090-square-foot Class B medical office building located in Wyomissing, Berks County, Pennsylvania. The property is leased on an absolute net basis to Tower Health Medical Group, a core outpatient division of Tower Health, with no landlord responsibilities. Strategically positioned less than two miles from Reading Hospital—Tower Health’s flagship facility—the property plays a vital role in the health system’s ambulatory care strategy. With 18 years of continuous occupancy and over $700,000 in recent capital improvements, the tenant has demonstrated long-term commitment and operational stickiness. The facility houses essential care services including Family Medicine, Internal Medicine, Endocrinology, and Diabetes & Metabolism, serving a growing senior population in an area where over 31% of residents are aged 55 and older. With more than 200,000 residents within a five-mile radius and strong healthcare utilization rates, the property benefits from consistent patient demand and a stable referral network. The site offers excellent visibility and access from Route 422, Route 222, and I-176, and features 134 surface parking spaces with full ADA-compliant access, making it an ideal investment for healthcare-focused real estate investors seeking durable cash flow and long-term value.

Investment Highlights

  • 100% Occupied +/- 35,090 SF Class B Medical Office Building located in Wyomissing, Berks County, PA
  • Absolute Net Lease with No landlord responsibilities
  • Occupied by Tower Health Medical Group, a core outpatient division of Tower Health
  • Less than 2 miles from Reading Hospital, Tower Health's flagship facility
  • With 18 years of continuous occupancy and recent $700,000 capital improvements, the tenant demonstrates exceptional stickiness and a strong, long-term commitment to the location
  • Long-term tenancy with essential care services and strong patient retention
  • Essential part of Tower Health's ambulatory care strategy with services that include Family Medicine, Internal Medicine, Endocrinology, Diabetes & Metabolism
  • Located within an aging population area with increasing demand for outpatient care

Exclusively Listed By

Office Medical

950 N Wyomissing Blvd

Listing Price: $11,700,000

Cap Rate
7.28%
Gross SF
35,090
Rentable SF
35,090
Price/Gross SF
$333.43
Occupancy
100.0%
Year Built
1998
Lot Size
2.24 acres

Investment Highlights

  • 100% Occupied +/- 35,090 SF Class B Medical Office Building located in Wyomissing, Berks County, PA
  • Absolute Net Lease with No landlord responsibilities
  • Occupied by Tower Health Medical Group, a core outpatient division of Tower Health
  • Less than 2 miles from Reading Hospital, Tower Health's flagship facility
  • With 18 years of continuous occupancy and recent $700,000 capital improvements, the tenant demonstrates exceptional stickiness and a strong, long-term commitment to the location
  • Long-term tenancy with essential care services and strong patient retention
  • Essential part of Tower Health's ambulatory care strategy with services that include Family Medicine, Internal Medicine, Endocrinology, Diabetes & Metabolism
  • Located within an aging population area with increasing demand for outpatient care

Investment Overview

Marcus & Millichap is pleased to exclusively present a 100% occupied ±35,090-square-foot Class B medical office building located in Wyomissing, Berks County, Pennsylvania. The property is leased on an absolute net basis to Tower Health Medical Group, a core outpatient division of Tower Health, with no landlord responsibilities. Strategically positioned less than two miles from Reading Hospital—Tower Health’s flagship facility—the property plays a vital role in the health system’s ambulatory care strategy. With 18 years of continuous occupancy and over $700,000 in recent capital improvements, the tenant has demonstrated long-term commitment and operational stickiness. The facility houses essential care services including Family Medicine, Internal Medicine, Endocrinology, and Diabetes & Metabolism, serving a growing senior population in an area where over 31% of residents are aged 55 and older. With more than 200,000 residents within a five-mile radius and strong healthcare utilization rates, the property benefits from consistent patient demand and a stable referral network. The site offers excellent visibility and access from Route 422, Route 222, and I-176, and features 134 surface parking spaces with full ADA-compliant access, making it an ideal investment for healthcare-focused real estate investors seeking durable cash flow and long-term value.

Exclusively Listed By

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