1505 N Hermitage Rd - Health Care FOR SALE


Hermitage, PA 16148
$4,999,000 USD
216-464-4060
1505 N Hermitage Rd, Hermitage, PA for Sale
$4,999,000 USD
Health Care - FOR SALE
1/1
null | 8.05% Cap Rate

1505 N Hermitage Rd
Hermitage, PA 16148


OVERVIEW

Introducing the UNITED STATES VETERANS AFFAIRS OUTPATIENT CENTER IN HERMITAGE, PA, a prime investment opportunity located at 1505 N Hermitage Road, Hermitage, PA 16148. This property boasts a high-profile tenant with an anticipated Lease Commencement Date of September 1, 2025, and a lease term of ten years firm WITH NO EARLY TERMINATION OPTIONS, and an additional five years soft. Situated on 2.768 acres, the building spans 14,907 square feet, with the Veterans Affairs contributing $2,946,700 to interior tenant improvements. Priced at $4,999,000 with a cap rate of 8.05%, this investment promises a solid income stream, with a 15-year cash flow projection demonstrating consistent returns. The property includes various amenities and services, with operating expenses comprehensively outlined for ease of reference. Don't miss out on this outstanding opportunity to own a medical facility occupied by the United States Government, one of the highest credit rated tenants in the World!

FOR SALE DETAILS

PRICE

$4,999,000 USD

PRICE/SF

$335 USD /SF

CAP RATE

8.05%

% LEASED

-

TENANCY

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.36 AC

LAND SF

102,931 SF

ZONING

-

APN/PARCEL ID

11-145-056

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.