Office Medical
Spectrum Eye Care Portfolio | MOB & STNL
15840 Medical Dr S, Findlay, OH 45840
Listing Price: $9,818,000
Investment Overview
Marcus & Millichap is Pleased to Exclusively Present the Spectrum Eye Care Portfolio Located in Findlay and Lima Ohio. The Portfolio Consists of a Four Tenant Medical Office Building and a Single Tenant Eye Care Building both 100 Percent Occupied to Leading Healthcare Providers. The Two Medical Office Buildings Consist of Over 32,000 Combined Square Feet and Both were Developed in 2006 (Lima Renovated in 2017), Requiring Minimal Landlord Responsibility Under the Triple-Net (NNN) Leases. The Tenants in the Portfolio Include: Spectrum Eye Care (MOB and STNL), Blanchard Valley Health System, DeClerck Family Dental and Retina Vitreous Associates, who is Owned by CEI Vision Partners. The Four Tenants Cover the Whole Spectrum of Healthcare Services, Eye Care, Dentistry, Family/Primary Care and more. Three Out of the Four Tenants Feature Strong Corporate Guarantees Such as Blanchard Valley Health System, who has a Fitch Credit Rating of “A+” and Retina Vitreous Associates who is Guaranteed by CEI Vision Partners, and Backed by EyeCare Partners who has Over $1.4 Billion in Annual Revenue. The Spectrum Eye Medical Office Building is Located on the Eastern Side of Findlay, Directly Off of US Hwy 224 which Features a Traffic County Over 6,600 Vehicles Per Day. Additionally, the MOB is 1.2 Miles Away from Major Retail Center “Flag City Station” which is Home to National Credit Retailors such as Walmart, Meijer, Menards, Kohls, T.J. Maxx, PetSmart and many more in the Findlay Village Mall. The Single Tenant Spectrum Eye Care Facility in Lima is Just Northeast of the Lima Mall and Lima Plaza, Major Retail Centers with Ample Visitors Per Year.
Investment Highlights
- 100 Percent Leased to National Credit and Local Healthcare Providers
- Over $240,000 Invested in Upgrades and Capital Improvements
- State-Of-The-Art Medical Offices Both Under 20 Years of Age (2006 and 2017)
Listing Price: $9,818,000
Investment Highlights
- 100 Percent Leased to National Credit and Local Healthcare Providers
- Over $240,000 Invested in Upgrades and Capital Improvements
- State-Of-The-Art Medical Offices Both Under 20 Years of Age (2006 and 2017)
Investment Overview
Marcus & Millichap is Pleased to Exclusively Present the Spectrum Eye Care Portfolio Located in Findlay and Lima Ohio. The Portfolio Consists of a Four Tenant Medical Office Building and a Single Tenant Eye Care Building both 100 Percent Occupied to Leading Healthcare Providers. The Two Medical Office Buildings Consist of Over 32,000 Combined Square Feet and Both were Developed in 2006 (Lima Renovated in 2017), Requiring Minimal Landlord Responsibility Under the Triple-Net (NNN) Leases. The Tenants in the Portfolio Include: Spectrum Eye Care (MOB and STNL), Blanchard Valley Health System, DeClerck Family Dental and Retina Vitreous Associates, who is Owned by CEI Vision Partners. The Four Tenants Cover the Whole Spectrum of Healthcare Services, Eye Care, Dentistry, Family/Primary Care and more. Three Out of the Four Tenants Feature Strong Corporate Guarantees Such as Blanchard Valley Health System, who has a Fitch Credit Rating of “A+” and Retina Vitreous Associates who is Guaranteed by CEI Vision Partners, and Backed by EyeCare Partners who has Over $1.4 Billion in Annual Revenue. The Spectrum Eye Medical Office Building is Located on the Eastern Side of Findlay, Directly Off of US Hwy 224 which Features a Traffic County Over 6,600 Vehicles Per Day. Additionally, the MOB is 1.2 Miles Away from Major Retail Center “Flag City Station” which is Home to National Credit Retailors such as Walmart, Meijer, Menards, Kohls, T.J. Maxx, PetSmart and many more in the Findlay Village Mall. The Single Tenant Spectrum Eye Care Facility in Lima is Just Northeast of the Lima Mall and Lima Plaza, Major Retail Centers with Ample Visitors Per Year.