1495 N Center Ave - Assisted Livings FOR SALE
Somerset, PA 15501 |
$3,985,000 USD
215-603-6914
1495 N Center Ave
Somerset, PA 15501
HIGHLIGHTS
- LONG-TERM LEASE WITH STRONG NONPROFIT GUARANTOR - leased to and guaranteed by Pittsburgh Care Partnership/Community LIFE and backed by UPMC
- NNN lease offers a passive ownership experience with minimal landlord responsibilities (roof & structure) or expenses
- Located within a concentrated medical hub including UPMC Somerset Hospital less than 2 miles away
- This location offers excellent visibility and easy regional access via the convergence of the PA Turnpike (I-76), US Hwy 219, and US Hwy 601
- Over 25% of the population within 5 miles of the site falls into the Baby Boomer age group, which aligns perfectly with Tenant's target demographic
- New 15-yr. NNN* lease that has over 8.5 years remaining on the initial term, with two 5-year renewal options thereafter
OVERVIEW
CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE the Community LIFE building in Somerset, Pennsylvania. Delivered new in 2020 and situated on an oversized 3.74-acre parcel, this 13,300 SF Class “A” healthcare facility was purpose-built to support Community LIFE’s integrated senior care model, enabling older adults to age in place with dignity, independence, and a high quality of life.
FOR SALE DETAILS
PRICE
$3,985,000 USD
PRICE/SF
$300 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Community Life | UPMC - Somerset, PA
PROPERTY TYPE
Health Care
PROPERTY SUBTYPE
Assisted Livings
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
420007810
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215-603-6914
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215-603-6914
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