Property Overview
The Wellmont Health System outpatient care center is a key network of a strong and growing health system in the Tri-cities region of Western Virginia and Eastern Tennessee. The region is an underserved health care market, and the subject property is well located along I-81 corridor making it easily accessible to the growing population. Wellmont fully renovated the property in 2009 making it a state-of-the-art patient care facility.
Wellmont Health System is a leading health care provider in the Tri-Cities region of Northeast Tennessee and Southwest Virginia. Formed in 1996 with the merger of Holston Valley Medical Center in Kingsport, TN, and Bristol Regional Medical Center in Bristol, TN, Wellmont is a not-for-profit, integrated health system guided by the mission to deliver superior health care with compassion and a vision to deliver the best healthcare anywhere.
Financial Overview
- Price: $1,500,000
- Gross Leasable Area: 5,426 SF
- Price/SF: $276.45
- CAP Rate: 8.00%
- Net Operating Income: $120,000
- Year Built: 2003/Renovated in 2009
- Lot Size: +/- 1.44 acres
Contact Information
Rob Black
Senior Vice President
+1 804 267 7203
rob.black@cbre-richmond.com
Will Bradley
Vice President
+1 804 237 8677
will.bradley@cbre-richmond.com
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