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Single-Tenant Office Medical

Beacon Orthopedic Clinic

5900 Boymel Dr, Fairfield, OH 45014

Listing Price: $2,600,000

Cap Rate
8.50%
Tenant Name
Beacon Orthopaedics & Sports Medicine
Years Remaining On Lease
2.1
Gross SF
8,300
Guarantor
Corporate Guarantee
Rentable SF
8,194
Price/Gross SF
$313.25
Lease Type
Double Net
Rent Per Square Feet
$27.00

Investment Overview

Marcus & Millichap is pleased to present 5900 Boymel Drive, Fairfield, OH. This medical office building was constructed in 1979 and completely renovated in 2016. The building consists of 8,300 square feet situated on approximately 1.18 acres of land. The property is occupied by Ortho Alliance MSO LLC / Beacon Orthopaedics & Sports Medicine, Ltd under a double-net Lease structure with 3% annual rental increases and is backed by a corporate guarantee. There are approximately three years remaining on the current lease term, along with two additional five-year renewal options.

Investment Highlights

  • Well-Established Beacon Orthopaedic Medical Clinic
  • Single-tenant, NN lease, new 3-year lease
  • Completely renovated building in June 2016 including new roof, all mechanicals.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Executive Managing Director, Chief Revenue Officer- Mid-West Division

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Single-Tenant Office Medical

Beacon Orthopedic Clinic

Listing Price: $2,600,000

Cap Rate
8.50%
Tenant Name
Beacon Orthopaedics & Sports Medicine
Years Remaining On Lease
2.1
Gross SF
8,300
Guarantor
Corporate Guarantee
Rentable SF
8,194
Price/Gross SF
$313.25
Lease Type
Double Net
Rent Per Square Feet
$27.00

Investment Highlights

  • Well-Established Beacon Orthopaedic Medical Clinic
  • Single-tenant, NN lease, new 3-year lease
  • Completely renovated building in June 2016 including new roof, all mechanicals.

Investment Overview

Marcus & Millichap is pleased to present 5900 Boymel Drive, Fairfield, OH. This medical office building was constructed in 1979 and completely renovated in 2016. The building consists of 8,300 square feet situated on approximately 1.18 acres of land. The property is occupied by Ortho Alliance MSO LLC / Beacon Orthopaedics & Sports Medicine, Ltd under a double-net Lease structure with 3% annual rental increases and is backed by a corporate guarantee. There are approximately three years remaining on the current lease term, along with two additional five-year renewal options.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Executive Managing Director, Chief Revenue Officer- Mid-West Division

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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