Office Medical

West Virginia Medical Office Portfolio

Listing Price: $2,446,980

Cap Rate
10.00%
Gross SF
16,175
Rentable SF
16,175
Price/Gross SF
$151.28
Lot Size
1.00 acres

Investment Overview

Marcus & Millichap is pleased to present the two building medical office portfolio located at 70-78 Brookshire Lane and 84-86 Brookshire Lane, both within the city of Beckley, West Virginia. The property is made up of four tenants which encompass 100 percent of both properties with fresh five year leases extending until 2024. The tenants are all specialist in various areas of the medical care industry and all work to treat the needs of residents within Beckley and the surrounding areas. The Blaydes Clinic operates one of the spaces as a premium optical care center. The Beckley Surgery Center, an additional tenant, operates the property as a state-of-the-art provider of ambulatory surgical services for the greater Beckley area. Lastly, Mountain State ENT and Aesthetics leases two spaces within the two buildings and utilizes them as both a healing medical spa and an ENT/Facial Plastic Surgery space. All tenants operate the spaces under net leases and pay for their respective percentages of all office park fees.

The properties are in Beckley, West Virginia, which is situated in the southern region of the state, and sits as a midpoint between Charleston, West Virginia and Roanoke, Virginia. The medical office properties sit within a mixed
residential/office pocket and are approximately three and a half miles from the nearest area hospital, Beckley VA Medical Center. Additionally, the properties are located one mile from Interstate 64, allowing an ease of access for
area residents and patients in need of the tenants medical specialties. The residents of Beckley enjoy a city rich in both culture and history. Beckley is home to both Tamarack (an artisan service center that sells a multitude of craft
products, jewelry, and food) and the Beckley Exhibition Coal Mine ( a preserved coal mine that provides daily tours and history lessons) offering unique experiences for visitors. The city is also home to three universities, (West
Virginia Institute of Technology, University of Charleston Beckley, and a branch of Concord University) bringing in a number of students to stay within the city.

Investment Highlights

  • Two Net Leased Medical Office Properties Located in Beckley, West Virginia
  • All Five NN Leases Set to Start in October and Run Five Years Through 2024
  • Approximately 3.5 Miles From the Areas Nearest Hospital, Beckley VA Medical Center

Exclusively Listed By

Office Medical

West Virginia Medical Office Portfolio

Listing Price: $2,446,980

Cap Rate
10.00%
Gross SF
16,175
Rentable SF
16,175
Price/Gross SF
$151.28
Lot Size
1.00 acres

Investment Highlights

  • Two Net Leased Medical Office Properties Located in Beckley, West Virginia
  • All Five NN Leases Set to Start in October and Run Five Years Through 2024
  • Approximately 3.5 Miles From the Areas Nearest Hospital, Beckley VA Medical Center

Investment Overview

Marcus & Millichap is pleased to present the two building medical office portfolio located at 70-78 Brookshire Lane and 84-86 Brookshire Lane, both within the city of Beckley, West Virginia. The property is made up of four tenants which encompass 100 percent of both properties with fresh five year leases extending until 2024. The tenants are all specialist in various areas of the medical care industry and all work to treat the needs of residents within Beckley and the surrounding areas. The Blaydes Clinic operates one of the spaces as a premium optical care center. The Beckley Surgery Center, an additional tenant, operates the property as a state-of-the-art provider of ambulatory surgical services for the greater Beckley area. Lastly, Mountain State ENT and Aesthetics leases two spaces within the two buildings and utilizes them as both a healing medical spa and an ENT/Facial Plastic Surgery space. All tenants operate the spaces under net leases and pay for their respective percentages of all office park fees.

The properties are in Beckley, West Virginia, which is situated in the southern region of the state, and sits as a midpoint between Charleston, West Virginia and Roanoke, Virginia. The medical office properties sit within a mixed
residential/office pocket and are approximately three and a half miles from the nearest area hospital, Beckley VA Medical Center. Additionally, the properties are located one mile from Interstate 64, allowing an ease of access for
area residents and patients in need of the tenants medical specialties. The residents of Beckley enjoy a city rich in both culture and history. Beckley is home to both Tamarack (an artisan service center that sells a multitude of craft
products, jewelry, and food) and the Beckley Exhibition Coal Mine ( a preserved coal mine that provides daily tours and history lessons) offering unique experiences for visitors. The city is also home to three universities, (West
Virginia Institute of Technology, University of Charleston Beckley, and a branch of Concord University) bringing in a number of students to stay within the city.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower