100 Milk St - Office FOR SALE


Methuen, MA 01844
$10,000,000 USD
617-784-3239
100 Milk St, Methuen, MA for Sale
$10,000,000 USD
Office - FOR SALE
1/29
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 46,078 sf 3 story multi-tenant medical office building located on 3.12 acres of land zoned Highway Business. Approx. 25 mins to Boston and Logan International Airport. The Tenancy is stable with a variety of practices including Pediatrics, General Practitioners, Ophthalmologist (specializing in retina care), Chiropractic, Dental, Physical Therapy and Prosthetics. Most Tenants have a long standing history with the property dating back as far as 1996. Each Tenant has options and there is no reason to believe they will not exercise their option based on Tenants expansion and improvements made recently. Tenants 1. Methuen Pediatric Therapy is a unique service offering developmental therapies for children. Providing occupational therapy, developmental testing, and evaluations for communication devices. This is the buildings largest Tenant at 15,000 sf 2. Fresnius is an international kidney care company with over 4,000 locations. Fresnius main company Fresnius SE &Co is a publicly traded company and trades on the Frankfurt Stock Exchange under FRE. The value of the company is approximately. 40.5 billion. There is also a separate arm of the company Fresnius Medical Care that operates the dialysis business and traded as FMS. 3. Retina Consultants of Boston is a full-service vitreo-retinal practice. It's a comprehensive practice that manages medical and surgical issues involving the retina and vitreous, and conduct clinical trials. The main office is in Peabody, MA with seven other locations in the Greater Boston area including Falmouth, Haverhill, Hyannis, Methuen, Wellesley, Newburyport, Quincy and operate in Mass Eye and Ear Infirmary Surgery Centers. 4. Methuen Chiropractic Associates is a practice offering General Chiropractic, Sports Chiropractic, Family Chiropractic, Preventative Chiropractic, Work / Auto Accident Chiropractic and Low Level Laser Therapy (LLLT). 5. TK Dental PLLC is a full service dental practice including dentists (DDS or DMD), dental hygienists, dental assistants, provides preventive, diagnostic, therapeutic oral, fillings, fluoride treatments, teeth cleanings, implants, crowns, bridges, tooth extractions, root canals, and cosmetic procedures such as teeth whitening, braces and veneers to patients through outpatient care. 6. Bay State Physical Therapy is a full service physical therapist practice with locations 151 locations in Massachusetts (92), Rhode Island (12), Maine(6), New York and New Hampshire(8). 7. Hanger Clinic is a orthotic and prosthetic clinic with 900 locations across the country in 52 states. This is a very unique service that prides themselves on compassion and the best possible outcome for those in need of care for all ages. 8. Methuen Smiles is a full service dental practice including Dental Hygiene, Implants, Cosmetic, Restorative, Endodontics, Pediatric, Periodontics, Oral Surgery and Orthodontics.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$217 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Medical Office Building For Sale

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

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

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Daniel ConnellyArgyle Realty Group LLCMore Info
617-784-3239

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