950 Wyomissing blvd - Health Care FOR SALE


Wyomissing, PA 19610
$11,700,000 USD
215-531-7000
950 Wyomissing blvd, Wyomissing, PA for Sale
$11,700,000 USD
Health Care - FOR SALE
1/6
null | 7.28% Cap Rate

950 Wyomissing blvd
Wyomissing, PA 19610


HIGHLIGHTS

  • 100% Occupied +/- 35,090 SF Class B Medical Office Building located in Wyomissing, Berks County, PA
  • Absolute Net Lease with No landlord responsibilities
  • Occupied by Tower Health Medical Group, a core outpatient division of Tower Health
  • Less than 2 miles from Reading Hospital, Tower Health’s flagship facility
  • With 18 years of continuous occupancy and recent $700,000 capital improvements, the tenant demonstrates exceptional stickiness and a strong, long-term
  • Long-term tenancy with essential care services and strong patient retention

OVERVIEW

Marcus & Millichap is pleased to exclusively present a 100% occupied ±35,090-square-foot Class B medical office building located in Wyomissing, Berks County, Pennsylvania. The property is leased on an absolute net basis to Tower Health Medical Group, a core outpatient division of Tower Health, with no landlord responsibilities. Strategically positioned less than two miles from Reading Hospital—Tower Health’s flagship facility—the property plays a vital role in the health system’s ambulatory care strategy. With 18 years of continuous occupancy and over $700,000 in recent capital improvements, the tenant has demonstrated long-term commitment and operational stickiness. The facility houses essential care services including Family Medicine, Internal Medicine, Endocrinology, and Diabetes & Metabolism, serving a growing senior population in an area where over 31% of residents are aged 55 and older. With more than 200,000 residents within a five-mile radius and strong healthcare utilization rates, the property benefits from consistent patient demand and a stable referral network. The site offers excellent visibility and access from Route 422, Route 222, and I-176, and features 134 surface parking spaces with full ADA-compliant access, making it an ideal investment for healthcare-focused real estate investors seeking durable cash flow and long-term value.

FOR SALE DETAILS

PRICE

$11,700,000 USD

PRICE/SF

$333 USD /SF

CAP RATE

7.28%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

950 N Wyomissing Blvd

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

-

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.24 AC

LAND SF

97,574 SF

ZONING

I1

APN/PARCEL ID

96-4397-20-71-7279

ASK ABOUT THIS PROPERTY

Ari NordlingerMarcus & MillichapMore Info
215-531-7000

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Ari NordlingerMarcus & MillichapMore Info
215-531-7000

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