254 Western Ave - Medical FOR SALE
South Portland, ME 04106 |
$4,327,286 USD
773-219-0964
254 Western Ave
South Portland, ME 04106
HIGHLIGHTS
- Best-in-class Tenant – Paradigm Oral Health is one of the largest DSOs in the country with 75+ locations and growing.
- ±14.9 Year NNN Investment – This deal offers a great opportunity for buyers looking to acquire a long-term passive asset.
- 3% Annual Rental Increases – The lease features 3% annual rental increases, providing investors with growing cash flow and a hedge against inflation.
- BlackRock Subsidiary – In April 2023, BlackRock, the world’s #1 asset manager, acquired a majority interest in Paradigm Oral Health.
- Streamlined Expansion – Paradigm expands by acquiring existing practices that are already successful and established within the community.
- Healthcare Real Estate – Healthcare properties are extremely sought-after investments for their resistance to recessions and e-commerce.
FOR SALE DETAILS
PRICE
$4,327,286 USD
PRICE/SF
$551 USD /SF
CAP RATE
6.86%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Paradigm Oral Health
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Fast Food, Restaurant, Health Club
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
A
YEAR BUILT
1979
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
LAND ACRES
0.72 AC
LAND SF
31,363 SF
ZONING
CS
APN/PARCEL ID
-
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773-219-0964
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773-219-0964
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