Office Medical
Multi-Tenant Fresenius MOB
1340 Belmont Ave, Youngstown, OH 44504
Listing Price: $4,150,000
Investment Overview
- Fully Occupied Medical Office with Proximity to Hospital Campus
- 1,300 feet from Mercy Health St. Elizabeth Campus
- Consistent Rent Growth
- Fresenius rent increases 3.5% Annually
- Mercy Health rent increases 2% Annually
- Priced Below Replacement Cost
- $175.77 PPSF creates barrier to entry for new construction limiting competition from entering the market.
- Excellent Historical Occupancy
- Fresenius has occupied for 34 Years
- New Lease Signed by Mercy Health
- Five Year term to commence upon completion of Landlord improvements
- Synergistic Tenant Mix
- Nephrology Practice Refers Patients to Dialysis Clinic
- Freestanding Medical Facility on Large Parcel
- Provides Visitors Easy Access and Ample Parking
- Anchor Tenant is Largest Dialysis Treatment Company Globally
- Fresenius Revenue Exceeds $19B Annually
- NYSE: FMS
Multi-Tenant Fresenius MOB
Investment Highlights
- - Fully Occupied Medical Office with Proximity to Hospital Campus - 1,300 feet from Mercy Health St. Elizabeth Campus
- - Consistent Rent Growth - Fresenius rent increases 3.5% Annually - Mercy Health rent increases 2% Annually
- - Priced Below Replacement Cost - $175.77 PPSF creates barrier to entry for new construction limiting competition from entering the market.
- - Excellent Historical Occupancy - Fresenius has occupied for 34 Years
- - New Lease Signed by Mercy Health - Five Year term to commence upon completion of Landlord improvements
- - Synergistic Tenant Mix - Nephrology Practice Refers Patients to Dialysis Clinic
- - Freestanding Medical Facility on Large Parcel - Provides Visitors Easy Access and Ample Parking
- - Anchor Tenant is Largest Dialysis Treatment Company Globally - Fresenius Revenue Exceeds $19B Annually - NYSE: FMS
Listing Price: $4,150,000
Investment Highlights
- - Fully Occupied Medical Office with Proximity to Hospital Campus - 1,300 feet from Mercy Health St. Elizabeth Campus
- - Consistent Rent Growth - Fresenius rent increases 3.5% Annually - Mercy Health rent increases 2% Annually
- - Priced Below Replacement Cost - $175.77 PPSF creates barrier to entry for new construction limiting competition from entering the market.
- - Excellent Historical Occupancy - Fresenius has occupied for 34 Years
- - New Lease Signed by Mercy Health - Five Year term to commence upon completion of Landlord improvements
- - Synergistic Tenant Mix - Nephrology Practice Refers Patients to Dialysis Clinic
- - Freestanding Medical Facility on Large Parcel - Provides Visitors Easy Access and Ample Parking
- - Anchor Tenant is Largest Dialysis Treatment Company Globally - Fresenius Revenue Exceeds $19B Annually - NYSE: FMS
Investment Overview
- Fully Occupied Medical Office with Proximity to Hospital Campus - 1,300 feet from Mercy Health St. Elizabeth Campus - Consistent Rent Growth - Fresenius rent increases 3.5% Annually - Mercy Health rent increases 2% Annually - Priced Below Replacement Cost - $175.77 PPSF creates barrier to entry for new construction limiting competition from entering the market. - Excellent Historical Occupancy - Fresenius has occupied for 34 Years - New Lease Signed by Mercy Health - Five Year term to commence upon completion of Landlord improvements - Synergistic Tenant Mix - Nephrology Practice Refers Patients to Dialysis Clinic - Freestanding Medical Facility on Large Parcel - Provides Visitors Easy Access and Ample Parking - Anchor Tenant is Largest Dialysis Treatment Company Globally - Fresenius Revenue Exceeds $19B Annually - NYSE: FMS
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