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Single-Tenant Office Medical

MedMark Treatment Centers

6700 Pearl Rd, Parma Heights, OH 44130

Listing Price: $1,017,000

Cap Rate
7.00%
Tenant Name
BayMark Health Services, Inc
Years Remaining On Lease
2.2
Gross SF
6,000
Guarantor
Subsidiary of a Corporation
Rentable SF
6,000
Price/Gross SF
$169.50
Lease Type
Double Net
Rent Per Square Feet
$11.87

Investment Overview

Marcus & Millichap is pleased to present for sale, MedMark Treatment Centers, in Parma Heights, Ohio. This is a 6,000 Square Foot Fully Remodeled Single-Tenant Medical Office Building Leased to BayMark Health Services, Inc. MedMark is being offered for $1,017,000.

Investment Highlights

  • 6,000 Square Foot Fully Remodeled Single-Tenant Medical Office Building Leased to BayMark Health Services, Inc (Over 400 Locations)
  • Tenant Invested Over $700,000 for the Interior Build Out and Other Improvements to the Property | Additional $300,000+ Investment from Landlord into Replacements of the Roof, Parking Lot and Other Ext
  • BayMark Health Services, Inc Operates Over 400 Locations Across the US and Canada with Over 73,000 Patients Treated Daily
  • Very Low in Place Rent of approximately $12.00 per Square Foot for New Build Out Medical Office Space
  • Parking Lot Completely Replaced in 2022 | Brand New Roof Installed in 2022 with 20-Year Labor and Material Warranty
  • Located in the Southland Shopping Center Retail Corridor with Anchor Tenants Including Giant Eagle, BJ's Wholesale Club, Marc's, Marshalls, JoAnn Fabrics, Party Center, Gabe's, OfficeMax, BMW of Middleburg Heights and Many Others
  • Located Near the Intersection of Pearl Road and W 130th Street with Combined 29,400 Cars per Day | 18,500 Cars per Day Directly Along Pearl Road
  • Dense Demographics: 85,308 Residents within Three Miles and 226,084 Residents within Five Miles

Exclusively Listed By

Single-Tenant Office Medical

MedMark Treatment Centers

Listing Price: $1,017,000

Cap Rate
7.00%
Tenant Name
BayMark Health Services, Inc
Years Remaining On Lease
2.2
Gross SF
6,000
Guarantor
Subsidiary of a Corporation
Rentable SF
6,000
Price/Gross SF
$169.50
Lease Type
Double Net
Rent Per Square Feet
$11.87

Investment Highlights

  • 6,000 Square Foot Fully Remodeled Single-Tenant Medical Office Building Leased to BayMark Health Services, Inc (Over 400 Locations)
  • Tenant Invested Over $700,000 for the Interior Build Out and Other Improvements to the Property | Additional $300,000+ Investment from Landlord into Replacements of the Roof, Parking Lot and Other Ext
  • BayMark Health Services, Inc Operates Over 400 Locations Across the US and Canada with Over 73,000 Patients Treated Daily
  • Very Low in Place Rent of approximately $12.00 per Square Foot for New Build Out Medical Office Space
  • Parking Lot Completely Replaced in 2022 | Brand New Roof Installed in 2022 with 20-Year Labor and Material Warranty
  • Located in the Southland Shopping Center Retail Corridor with Anchor Tenants Including Giant Eagle, BJ's Wholesale Club, Marc's, Marshalls, JoAnn Fabrics, Party Center, Gabe's, OfficeMax, BMW of Middleburg Heights and Many Others
  • Located Near the Intersection of Pearl Road and W 130th Street with Combined 29,400 Cars per Day | 18,500 Cars per Day Directly Along Pearl Road
  • Dense Demographics: 85,308 Residents within Three Miles and 226,084 Residents within Five Miles

Investment Overview

Marcus & Millichap is pleased to present for sale, MedMark Treatment Centers, in Parma Heights, Ohio. This is a 6,000 Square Foot Fully Remodeled Single-Tenant Medical Office Building Leased to BayMark Health Services, Inc. MedMark is being offered for $1,017,000.

Exclusively Listed By

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