The Offering
Offering Price: Best Offer
Building Size: 103,175 SF
Year Built: 2007
Ownership: Leased Fee Interest
Percentage Leased: 80.3%
In-Place NOI: $1,223,113
Year 1 Pro-Forma NOI: $1,351,657
CBRE’s U.S. Healthcare Capital Markets Group is pleased to offer the exclusive opportunity to acquire the Atrium Medical Center Professional Building (the “Property” or the “Professional Building”). The Property is currently 80.3% leased and is located on the campus of the Atrium Medical Center, a 328-bed acute care hospital in Middletown, Ohio. Originally founded in 1917 as Middletown Regional Hospital, the Atrium Medical Center relocated to its new hospital campus in 2007 and is a full-service, acute care hospital with a Level III trauma center.
The Professional Building is a five-story, multi-tenant medical office building that is attached and integrated into the main patient tower of the Atrium Medical Center. Atrium Medical Center and its affiliates currently occupy approximately 60.6% of the Property’s square footage. The Property is subject to a long term ground lease with the hospital and has approximately 70 years of remaining term, including options to extend.
Investment Highlights
- Anchored by Atrium Medical Center and Premier Health
- Value-Add Opportunity Through Lease-up
- Located on Hospital Campus with Long Term Ground Lease
- Strategic Location Between Cincinnati and Dayton
- High Traffic Retail Corridor
- Synergistic Tenant Mix
- Excellent Market Demographics
- Delivered Free and Clear of Any Debt
Contact Information
CBRE U.S. Healthcare Capital Markets Group
Chris Bodnar
Executive Vice President
+1 303 628 1711
chris.bodnar@cbre.com
Lee Asher
Executive Vice President
+1 404 504 5965
lee.asher@cbre.com
Ohio Broker of Record
Steven Wathen
Equity, Inc.
Ohio License #379572
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