1675 Alex Dr - Medical FOR SALE


Wilmington, OH 45177
$1,265,585 USD
248-419-3888
1675 Alex Dr, Wilmington, OH for Sale
$1,265,585 USD
Medical - FOR SALE
1/5
null | 7% Cap Rate

1675 Alex Dr
Wilmington, OH 45177


HIGHLIGHTS

  • Offered at $1,265,585 with a 7.00% capitalization rate
  • Generates $88,591 in annual Net Operating Income
  • Contractual 2% annual rent increases provide consistent income growth
  • Three 5-year renewal options extend the opportunity for continued tenancy
  • Owner is responsible only for the roof and structure
  • Occupied by DaVita, a leading provider of life-sustaining dialysis treatments

OVERVIEW

Fortis Net Lease is pleased to present the opportunity to acquire a single-tenant DaVita dialysis facility located at 1675 Alex Drive in Wilmington, Ohio. The property consists of a 6,020-square-foot medical office building situated on 1.36 acres and is offered at $1,265,585, representing an attractive 7.00% capitalization rate. The asset generates an annual Net Operating Income of $88,591 and is leased to DaVita, one of the nation's leading providers of kidney dialysis services. The lease extends through October 1, 2029 and features 2% annual rent increases, providing investors with predictable income growth throughout the remaining lease term.

FOR SALE DETAILS

PRICE

$1,265,585 USD

PRICE/SF

$210 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

C-1

APN/PARCEL ID

290-17-01-18-A002-00

ASK ABOUT THIS PROPERTY

Chris ElliottFortis Net LeaseMore Info
248-419-3888

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Chris ElliottFortis Net LeaseMore Info
248-419-3888

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