1005 Campus Cir - Medical FOR SALE


Hermitage, PA 16148
$5,980,000 USD
858-414-7849
1005 Campus Cir, Hermitage, PA for Sale
$5,980,000 USD
Medical - FOR SALE
1/4
null | 7.24% Cap Rate

1005 Campus Cir
Hermitage, PA 16148


HIGHLIGHTS

  • NNN Lease Structure – Tenant is responsible for taxes, insurance, and CAM, providing investors with a truly passive income-producing asset.
  • Build-to-Suit Construction – Purpose-built in 2005 for Dr. Tonnies’ orthopedic and physical therapy practice, designed to support long-term clinical o
  • Healthy Lease Term Remaining – Approximately 4.5 years left on a newly structured 5-year lease that commenced in the 2025 fiscal year.
  • Appraised at List Price – Seller recently obtained an appraisal validating the property’s value at the current list price.

OVERVIEW

This offering presents a fully leased, single-tenant medical office property occupied by Hermitage Orthopedics and Sports Medicine, a well-established orthopedic and physical therapy practice. The asset is positioned on an expansive 11.16-acre parcel and features a purpose-built facility constructed in 2005 to accommodate specialized medical operations. The property benefits from a newly executed five-year NNN lease commencing October 2025, providing investors with a stable and predictable income stream. The lease includes 3% annual rental escalations and two three-year renewal options, ensuring long-term occupancy and income growth. The tenant has provided both business and personal guarantees, supported by a net worth exceeding $8 million, and has placed a $1.2 million escrow holdback, reinforcing financial security and commitment to the location. Strategically located in Hermitage, PA, the property is part of a robust healthcare ecosystem anchored by UPMC Horizon and Sharon Regional Medical Center. The area offers strong connectivity via U.S. Route 18 and Interstate 80, with proximity to Pittsburgh, Erie, and Youngstown. Hermitage’s stable demographics, growing healthcare demand, and ongoing economic development initiatives—including the Hickory Fields redevelopment and LindenPointe Innovation Campus—further enhance the property’s long-term investment appeal. This asset combines a high-quality medical facility, a credit-backed lease structure, and a thriving regional healthcare market, making it an attractive opportunity for investors seeking durable income and minimal management responsibilities.

FOR SALE DETAILS

PRICE

$5,980,000 USD

PRICE/SF

$334 USD /SF

CAP RATE

7.24%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

11.16 AC

LAND SF

486,130 SF

ZONING

-

APN/PARCEL ID

12-158-330-001-006

ASK ABOUT THIS PROPERTY

Christopher LaskeroAlpha Real Estate AdvisorsMore Info
858-414-7849

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Christopher LaskeroAlpha Real Estate AdvisorsMore Info
858-414-7849

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