950 Hospital Way - Medical CONDO FOR SALE
Pocatello, ID 83201 |
950 Hospital Way
Pocatello, ID 83201
HIGHLIGHTS
- Credit Tenant: Backed by Pocatello Hospital, LLC, an affiliate of Ardent Health Services which is a leading operator of community hospitals across US
- Strategic Location: Adjacent to Portneuf Medical Center, the region’s premier hospital and medical hub
- Excellent Accessibility: Immediate access to I-15 and centrally positioned within Pocatello’s primary commercial and healthcare corridor
- Rare 2.5% Annual Rent Increases: Provides predictable and consistent income growth throughout the initial term.
- Net Lease Structure: Tenant reimburses Landlord for all standard operating expenses (taxes, insurance, CAM), minimizing landlord obligations.
- “Sticky” Medical Tenancy: Medical users are historically long-term occupants due to high build-out costs and patient retention considerations. Ample O
OVERVIEW
Goldman | Ryden Real Estate Investment Services is pleased to present the opportunity to acquire a medical office condominium located at 950 Hospital Way, Suite A, Pocatello, Idaho. The property is leased to Pocatello Hospital, LLC, a subsidiary of Ardent Health Partners, operating locally as Idaho Sports & Spine. This offering represents a stable, healthcare backed investment at an attractive 7% cap rate, a brand new 5 year term, positioned below replacement cost in a strong regional medical corridor.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
5375
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2001
SPRINKLERS
-
PARKING SPACES
32
LAND DETAILS
LAND ACRES
1.04 AC AC
LAND SF
45,302 SF
ZONING
-
APN/PARCEL ID
RPSRP000100
