For Sale: On-Campus Medical Office – Clarksville, Tennessee

Offers Requested by Wednesday, May 14th, 5:00 PM CT

The Offering

CBRE’s U.S. Healthcare Capital Markets Group is pleased to exclusively offer the Gateway Medical Office Building (the “Property”) in Clarksville, Tennessee for sale. The approximate 90,975 rentable square foot medical office facility is physically connected to the Gateway Medical Center, a 270-bed community hospital offering a range of inpatient and outpatient, medical, diagnostic and surgical services.

Built in 2008, at the same time as the new hospital, the subject property is integrated into the hospital as the only on-campus medical office building and is connected via an enclosed hallway to the main hospital lobby. The recently completed building matches the adjacent hospital tower architecturally and has shared access to all ±454 surface parking spaces on the campus. The building benefits from a strong base of existing tenancy with an average remaining lease term of 5 years and a value-add opportunity to stabilize the remaining vacant space.

Offering Information

• Offering Price: Best Offer
• Building Size: 90,975 SF
• Year Built: 2008
• Occupancy: 78%
• In-Place NOI: $1,167,832
• Pro-Forma NOI: $1,239,109

Investment Highlights

• Sole On-Campus Medical Office Building
• Strong Anchor Tenancy
• Value-Add Leasing Opportunity in Growing Market
• NNN Leases with Annual Escalations
• Appealing Demographic Trends
• Positive Physician Employment Trends
• “Recession Resistant” Property Category
• Delivered Free and Clear of Any Debt

CBRE Investment Contacts

• Chris Bodnar

CBRE U.S. Healthcare Capital Markets

+1 303 628 1711

chris.bodnar@cbre.com

 

• Lee Asher

CBRE U.S. Healthcare Capital Markets

+1 404 504 5965

lee.asher@cbre.com

• Morgan Hillenmeyer

CBRE Investment Properties – Tennessee Healthcare

+1 615 248 5930

morgan.hillenmeyer@cbre.com