774 Christiana Rd - Health Care CONDO FOR SALE


Newark, DE 19713
$6,529,000 USD
215-603-6914
774 Christiana Rd, Newark, DE for Sale
$6,529,000 USD
Health Care CONDO - FOR SALE
1/45
null | 7% Cap Rate

774 Christiana Rd
Newark, DE 19713


HIGHLIGHTS

  • Corporate guarantee from publicly traded Surgery Partners (NASDAQ: SGRY)
  • 30-year operating outpatient surgery center with 50+ physicians; part of Surgery Partners’ national platform
  • Completely passive NNN structure with condo and third-party management oversight
  • New 10-year NNN lease extension with annual increases capped at 3% and two 5-year options
  • Up to $600,000 in capex improvements reinforcing long-term tenancy
  • Prime medical hub location with strong access, traffic, and affluent demographics in Newark, DE

OVERVIEW

Delaware Outpatient Center for Surgery “DOCS” is a multi-specialty, state-of-the-art facility that has been successfully operating for 30 years and features more than 50 board-certified physicians dedicated to providing patients with the absolute best that medicine has to offer and sets new standards of excellence in healthcare. DOCS is part of the Surgery Partners network of surgery facilities, which features over 4,600 affiliated physicians serving more than 600,000 patients annually at more than 200 facilities nationwide.

FOR SALE DETAILS

PRICE

$6,529,000 USD

PRICE/SF

$463 USD /SF

CAP RATE

7%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Delaware Outpatient Center for Surgery (DOCS)

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

70,000 SF

STORIES

2

BUILDING CLASS

C

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

CR

APN/PARCEL ID

09-023.00-024.C-0101,09-023.00-024.C-0103,09-023.00-024.C-0109,09-023.00-024.C-0201

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

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Matthew GormanCBRE, Inc.More Info
215-603-6914

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