48462 Bell School Rd - Office FOR SALE


East Liverpool, OH 43920
$2,360,000 USD
813-210-7741
48462 Bell School Rd, East Liverpool, OH for Sale
$2,360,000 USD
Office - FOR SALE
1/3
null | 7.5% Cap Rate

48462 Bell School Rd
East Liverpool, OH 43920


HIGHLIGHTS

  • Double Net Lease Structure- Tenant Fully Responsible for Most Expenses Relating to the Property
  • Purpose-Designed Construction- Designed and Constructed as a Multi Specialty Clinic to Accommodate Specific Needs
  • Rent Growth Over Base Term and Options- 5% Rental Increases in Year 3 and Year 5 2.5% Annual Rental Increases Throughout Option Terms
  • Significant Capital in Landlord Work- +/- $100,000 for New Floors, Cabinets, Faucets, Paint and Toilets in Exam Rooms and Common Area
  • Leased by Salem Regional Hospital System-Salem Regional Medical Center Is A Community-Focused Healthcare System Providing Comprehensive Med Services
  • Stable Annual Revenue Growth Supported By Diverse Inpatient And Outpatient Service Lines- Strategic Investment In Advanced Medical Technology

OVERVIEW

Double Net Lease Structure Tenant Fully Responsible for Most Expenses Relating to the Property Purpose-Designed Construction Designed and Constructed as a Multi Specialty Clinic to Accommodate Specific Needs Rent Growth Over Base Term and Options 5% Rental Increases in Year 3 and Year 5 2.5% Annual Rental Increases Throughout Option Terms Significant Capital in Landlord Work +/- $100,000 for New Floors, Cabinets, Faucets, Paint and Toilets in Exam Rooms and Common Area Leased by Salem Regional Hospital System Salem Regional Medical Center Is A Community-Focused Healthcare System Providing Comprehensive Medical Services Through Modern Facilities, Diverse Care Programs, And A Strong Emphasis On Patient-Centered Treatment And Regional Health Improvement Stable Annual Revenue Growth Supported By Diverse Inpatient And Outpatient Service Lines Strategic Investment In Advanced Medical Technology Driving Operational Efficiency And Financial Performance Strong Community-Based Funding, Partnerships, And Reimbursement Mix Enhancing Long-Term Financial Sustainability Why This Location is Important The New Calcutta Location Is Important For Salem Regional Medical Center Because It Expands Access To High-Quality Healthcare In A Growing Area, Reduces Travel Time For Patients In Surrounding Communities, And Strengthens The System’s Ability To Deliver Convenient, Outpatient-Focused Services Closer To Where People Live And Work Services Offers Primary Care, Lab Services, and Convenient Care

FOR SALE DETAILS

PRICE

$2,360,000 USD

PRICE/SF

$200 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Salem Regional Medical Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

Commercial

APN/PARCEL ID

6100852008

ASK ABOUT THIS PROPERTY

Christopher BiusoMarcus & MillichapMore Info
813-210-7741

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

Christopher BiusoMarcus & MillichapMore Info
813-210-7741

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