617-784-3239
100 Milk St, Methuen, MA for Sale
Health Care - FOR SALE
1/5
null | Request Cap Rate

100 Milk St
Methuen, MA 01844


HIGHLIGHTS

  • Located just off I-213 connecting with I-495 and I-93 within a mile of the site
  • Brick and steel construction
  • 100% medical related Tenants
  • Area regional retail within walking distance featuring Walmart, Home Depot, several restaurants, etc.

OVERVIEW

100 Milk Street is a multi-tenant medical office building with a variety of practices including Pediatrics, General Practitioners, Ophthalmologist (specializing in retina care), Chiropractic, Dental, Physical Therapy and Prosthetics. Each Tenant has a long standing history with the average else term amongst all leases at 3 yrs 6 months. Over 51% of the total bldg (21,000sf) is leased out to 5 yrs 9 months and 83% of the total bldg.(34,074 sf) is leased out to 4 years. There is no reason to believe that these any Tenants will not exercise their option based on the expansion and improvements made. There is one Tenant whose option comes due in 10 months which skews the average term.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

155

LAND DETAILS

LAND ACRES

3.12 AC

LAND SF

135,907 SF

ZONING

BH

APN/PARCEL ID

METH-000912-000080-000030A,TOPS-000068-000003

ASK ABOUT THIS PROPERTY

Daniel ConnellyArgyle Realty Group LLCMore Info
617-784-3239

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Daniel ConnellyArgyle Realty Group LLCMore Info
617-784-3239

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.