701 Boyce Rd - Medical FOR SALE


Bridgeville, PA 15017
$4,860,000 USD
717-514-6390
701 Boyce Rd, Bridgeville, PA for Sale
$4,860,000 USD
Medical - FOR SALE
1/14
null | 7.75% Cap Rate

701 Boyce Rd
Bridgeville, PA 15017


HIGHLIGHTS

  • Purpose-built ambulatory surgery center with over 20 years of continuous operation, exercised their early 5-year renewal option
  • Both tenants are responsible for taxes, insurance, and maintenance. Attractive annual rent escalations from both tenants (5% & 1.75%)
  • Undergoing current upgrades to the clinical office space ensure modern, efficient facilities, attracting high-quality healthcare tenants

OVERVIEW

Zeustra Healthcare Real Estate Advisors is pleased to present the exclusive opportunity to acquire 701 Boyce Road in Bridgeville, Pennsylvania—a ±13,825-square-foot, dual-tenant state of-the-art ambulatory surgery center anchored by Radiance Surgery Center, complemented by additional clinical medical office space. This rare opportunity to acquire an institutional-quality healthcare facility is supported by 7-year triple net (NNN) leases from both tenants, offering durable, long-term income growth with no landlord responsibilities. Radiance Surgery Center has demonstrated a long-term commitment to the property, having recently exercised their early 5-year renewal option, showcasing their continued dedication to the location. Originally built in 2004 by Radiance Surgery Center, the property boasts a proven operational history spanning over 20 years, reinforcing its stability and strategic significance. The surgery center, located on the lower level, operates as a multi-specialty surgical facility, providing a wide range of outpatient procedures to meet diverse healthcare needs. It is recognized as a licensed first-class surgical center by the Pennsylvania State Department of Health and is both certified by the Centers for Medicare and Medicaid and accredited by the Joint Commission for the Accreditation of Ambulatory Health Care Programs, demonstrating its commitment to maintaining the highest standards of patient care. The main floor of the property consists of clinical medical office space, the physician majority owner of the surgery center has signed a new 7-year NNN lease with 5% annual rent escalations for his practice, Pain & Spine Specialists, reinforcing the continued demand for comprehensive healthcare services at the facility. This clinical space is currently undergoing tenant improvements, including a modern facelift, ensuring a contemporary and welcoming environment for patients. The lease structure is triple net (NNN), eliminating landlord responsibilities and providing true passive cash flow. Both tenants are responsible for taxes, insurance, and maintenance, significantly reducing operational burden for the owner and ensuring minimal management involvement. Offered at a competitive price point, 701 Boyce Road presents a unique opportunity to acquire a stabilized, income-generating ambulatory surgery center with minimal downside risk. This asset is ideally suited for investors seeking long-term, inflation-hedged returns in an established medical market, supported by a long-term tenant operation history and minimal landlord obligations.

FOR SALE DETAILS

PRICE

$4,860,000 USD

PRICE/SF

$350 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Radiance Outpatient Surgery Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

c3

APN/PARCEL ID

0481-A-00053-0000-00

ASK ABOUT THIS PROPERTY

Nick MyersZeustra Real Estate Investment ServicesMore Info
717-514-6390

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Nick MyersZeustra Real Estate Investment ServicesMore Info
717-514-6390

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