For Sale: Two Premier Medical Office Buildings Located In Bristol, TN

The Offering
CBRE’s Healthcare Capital Markets Group is pleased to exclusively offer the Bristol Medical Portfolio for purchase. The portfolio consists of two medical office buildings strategically located in Bristol, Tennessee. 320 Steeles Road consists of 11,000 net rentable square feet and is located on the campus of Bristol Regional Medical Center (Wellmont Health System). The strategically located on-campus multi-tenant building is currently leased to two strong regional medical tenants with an average lease term of approximately 6 years. 1220 Volunteer Parkway consists of 4,548 net rentable square feet and is 100% leased to Wellmont Urgent Care (Wellmont Health System). The location along Volunteer Parkway is adjacent to the Volunteer Parkway Imaging Center (Wellmont Health System) in a heavy traffic corridor with convenient access and good visibility for patients. The portfolio offers investors stable cash flow and strong tenant diversity within two well located buildings in the Bristol medical corridor.

Investment Highlights

• Strong Health System Tenancy
• Strategic Locations
• Stable Cash Flow and Upside Potential
• Ample Parking
• Appealing Aging Trends
• Delivered Free and Clear of Existing Debt

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Confidentiality Agreement

OFFERING INFORMATION

OFFERING PRICE:
$3,250,000
PORTFOLIO SIZE:
15,548 SF
OCCUPANCY:
91%
CAP RATE:
7.90%
IN PLACE NOI: $256,640

CBRE INVESTMENT CONTACTS

Morgan Hillenmeyer
CBRE Investment Properties – Tennessee Healthcare
+1 615 248 5930
morgan.hillenmeyer@cbre.com

Lee Asher
CBRE U.S. Healthcare Capital Markets
+1 404 504 5965
lee.asher@cbre.com

Chris Bodnar
CBRE U.S. Healthcare Capital Markets
+1 303 628 1711
chris.bodnar@cbre.com

Greg Greene
CBRE Debt & Structured Finance
+1 214 949 5617
greg.greene@cbre.com