803 Mt Home Ave - Medical FOR SALE
Sinking Spring, PA 19608 |
803 Mt Home Ave
Sinking Spring, PA 19608
HIGHLIGHTS
- Best-In-Class Tenant- Smile Brands Inc. is one of the largest dental support organizations in the United States. The organization was founded in 1998
- Resistant Healthcare Investment- Medical properties are highly sought-after for their security of investment and their resistance to economic downturn
- Strategic Location with High Visibility- Located just off Benjamin Franklin Hwy that sees over ±26,000 VPD, the subject property provides easy access
- Growth Model- Smile Brands expands by acquiring existing practices that are already successful and established within the community.
- Scheduled Rental Increases- 7.5% rental increases after the initial 5-year option provides future owner with a boost in cash flow
- Below Replacement Cost Offering- Interior build-out costs for dental practices frequently cost over $150/SF. At an asking price of $161/SF
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
MERIT DENTAL
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
4963
STORIES
2
BUILDING CLASS
C
YEAR BUILT
1985
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.38 AC AC
LAND SF
16,553 SF
ZONING
-
APN/PARCEL ID
79-4386-13-03-0944
