Zeustra is pleased to exclusively offer for sale 1377 Locust Avenue, a 13,587 SF medical office building located in Fairmont, West Virginia. The property is 86.2% occupied by WVU Medicine, West Virginia’s largest healthcare system and an investment-grade “A” rated tenant by S&P Global Ratings.
WVU Medicine occupies 11,707 SF across two separately leased suites providing adult primary care, pediatrics, otolaryngology, and audiology services. Both leases are corporately guaranteed, extend through 2031, include renewal options, and feature annual rental increases based on the lesser of 2.5% or CPI.
The property underwent more than $1.6 million in tenant-specific improvements between 2020 and 2021 and is strategically located approximately 0.5 miles from WVU Medicine Fairmont Medical Center, which is undergoing significant expansion and modernization.