The Offering
Offering Price: $5,350,000 ($248/PSF)
Building Size: 21,560 SF
Year Built: 1995
Occupancy: 100%
In-Place NOI: $401,137
In-Place Cap Rate: 7.50%
Lease Term: 10 Years (Will Commence Upon Sale)
CBRE’s Healthcare Capital Markets Group is pleased to exclusively offer the Summit Primary Care Medical Office Building (the “Property”) for purchase. Summit Primary Care Medical Office Building is a 21,560 square foot medical office building located in the Hermitage neighborhood of Nashville, Tennessee. Built in 1995, the Property is 100% leased by Summit Medical Management, LLC (“Summit Primary Care”), a long-standing primary care practice in operation since 1953. The practice currently consists of five (5) physician partners and three (3) nurse practitioners.
The Property is located in a high traffic retail corridor just north of Interstate 40 and adjacent to Tristar Summit Medical Center (HCA), a 200-bed comprehensive hospital offering a full array of acute care services, including cardiology, emergency, oncology, orthopaedics/spine, rehabilitation and women’s services.
Investment Highlights
- Strong Regional Tenant
- Located Adjacent to HCA Hospital
- 100% Occupied with a Long Term Lease
- Property Offered Fee Simple
- Ample Parking
- Favorable Net-Lease Structure
- Exceptional Demographics
- Appealing Aging Trends
- Delivered Free and Clear of Existing Debt
CBRE INVESTMENT CONTACTS
Morgan Hillenmeyer
CBRE Investment Properties
+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
Bill McKnight
CBRE Debt & Structured Finance
Vice President
+1 615 248 5941
bill.mcknight@cbre.com
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