Offers for The Merion Building, a fully stabilized Class A MOB, are due Tuesday, June 17th at 4:00 PM. Please call Mike Margolis (610-879-4503) to schedule a property inspection.
NGKF Capital Markets has been retained as the exclusive agent for the disposition of a Class A, 73,329 square foot, three story medical office building known as “The Merion Building”. The building was totally renovated and expanded in 2000, including an addition of 19,385 square feet with covered parking. This addition houses a state of the art surgery center for one of the largest independent spinal surgeons in the area, Dr. Roy Lerman, who has been a tenant in the building since 1994.
Investment Highlights
- Fully Stabilized Investment – 95%
- Occupancy Specialized Medical Office
- Use – 94% of Property is occupied by medical tenants
- Exceptional Financial Return Metrics
- 10%+ Average Annual Cash on Cash Return
- 20%+ Leveraged Internal Rate of Return
- Irreplaceable Location
- 75% of the rent roll has been a Merion tenant for over 15 years, each averaging 19+ years of occupancy
- Anchors continue to expand in the Property
- 30% of The Merion Building’s rent roll is comprised of organic expansion
- Exceptional Location, Outstanding Visibility
- Over 100,000 vehicles pass the site daily, providing valuable ‘free’ tenant advertising
- Attractively sized non-recourse debt will be assumed by the buyer
Medical Highlights
- The payer mix is 100% private pay.
- Non medical suites continue to be back filled by clinical uses as they rollover.
- The building features a large state of the art surgical center with one of the largest independent spinal surgeons in the area.
Click to view the Landing Page for more information.
Bypass the online summary and directly execute the Confidentiality Agreement.
Sincerely, NGKF Capital Markets
Contact Information
- Michael Margolis
(610) 879-4503
- Taylor King
(610) 755-6972
- Brett Segal
(215) 246-2776
- Jeffrey Mack
(610) 755-6960
- David Dolan
(215) 246-2738
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