$32,220,667 USD
262-672-8388
1 Orthopedics Dr
Peabody, MA 01960
Central Peabody
HIGHLIGHTS
- Strong 40 Location Growing Regional Operator – The tenant, Spire Orthopedic Partners, one of the leading orthopedic platforms in the Northeast
- Long-Term Lease – The property is secured by a long-term lease with over 14 years of base term remaining, providing investors with a guaranteed income
- $3.5MM Tenant Funded Surgery Expansion in 2026 – The facility currently includes five operating rooms, consisting of three Class C operating rooms
- Significant Recent Landlord Capital Investment – Ownership has invested approximately $793,000 into major capital improvements at the property
- New Roof with Long Term Warranty – The property features a new roof installed in April 2021 at a cost of $153,300.
FOR SALE DETAILS
PRICE
$32,220,667 USD
PRICE/SF
$496 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Sports Medicine North | 14+ Yr NNN
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
C
YEAR BUILT
1984
SPRINKLERS
-
PARKING SPACES
290
LAND DETAILS
LAND ACRES
1.72 AC
LAND SF
75,000 SF
ZONING
N/Av
APN/PARCEL ID
PEAB-000062-000000-000018
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262-672-8388
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262-672-8388
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