11200 Perry Hwy - Health Care FOR SALE


Meadville, PA 16335
$4,674,738 USD
216-464-4060
11200 Perry Hwy, Meadville, PA for Sale
$4,674,738 USD
Health Care - FOR SALE
1/1
null | 8% Cap Rate

11200 Perry Hwy
Meadville, PA 16335


HIGHLIGHTS

  • NO EARLY TERMINATION OPTIONS
  • ONE OF THE HIGHEST CREDIT RATED TENANTS IN THE WORLD
  • Lease Commencement Date: May 1, 2024
  • Lease Term: Ten {10) Years Firm; Ten {10) Years Soft Building Square Feet: 14,004 SF | Acreage: 2.5 AC
  • Rental Increases: $1.50/SF every five (5) years
  • Veterans Affairs Contribution to Interior Tenant Improvements: $2,553,024 Rental Increases: $1.50/SF every five (5) years

OVERVIEW

Introducing the UNITED STATES VETERANS AFFAIRS OUTPATIENT CENTER IN MEADVILLE, PA, a prime investment opportunity located at 11200 Perry Highway, Meadville, PA 16335. This state-of-the-art facility boasts 14,004 SF of space on 2.5 acres and offers a secure income stream with a lease commencement date beginning May 1, 2024. With a 10-year firm lease term and an additional 10-year soft term, this property guarantees stability for investors. The Veterans Affairs contribution to interior tenant improvements of $2,553,024 eases any future upgrade costs. Rental increases of $1.50/SF every five years promise growth potential. Priced at $4,674,000 with a cap rate of 8.0%, this property offers a lucrative return on investment. Don't miss out on this opportunity to acquire a premium property with a strong tenant in place, generating a consistent cash flow over a 20-year period!

FOR SALE DETAILS

PRICE

$4,674,738 USD

PRICE/SF

$334 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

U.S. Veterans Affairs Outpatient Center

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

-

APN/PARCEL ID

65-0-051840

ASK ABOUT THIS PROPERTY

Dan LaricciaPassov Real Estate GroupMore Info
216-464-4060

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Dan LaricciaPassov Real Estate GroupMore Info
216-464-4060

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