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2010 N Broad St

8,000 SF Office Building Lansdale, PA 19446 $4,430,160 CAD ($554 CAD/SF) 6.61% Cap Rate

Investment Highlights

  • • Rare Build-to-Suit Hospital Outpatient Facility ? 2018 Construction Built Out to Tenants Needs
  • • Consistent Population Growth in Immediate Area ? 4% Growth Within a 10-Mile Radius Over Past 12 Years ? 1.5% Estimated Growth in the Next Five Years
  • • Destination Driven Business Model ? Provides for Great Stability and Stable Customer Base ? Moss Rehab ranked nationally in U.S. News & World Report
  • • Passive Ownership Through NNN Lease Structure ? No Immediate CapEx Needed
  • • Annual Rental Increases Provide Hedge Against Inflation ? 1% Annual Rental Increases Throughout Term and Options
  • • Jefferson Health (A2) Merged with Einstein Health in Oct. 2021 ? The Merger Brought Together MossRehab and Magee Rehab ? Nationally Recognized Brain

Executive Summary

Rare Outpatient Facility Leased Out to a Hospital; NNN Lease

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
8,000 SF
Building Class
B
Year Built/Renovated
1960/2018
Price
$4,430,160 CAD
Price Per SF
$554 CAD
Cap Rate
6.61%
NOI
$292,613 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,000 SF
Building FAR
0.11
Land Acres
1.64 AC

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Jefferson Health
  • Health Care and Social Assistance
  • 8,000 SF
  • -
  • Net
  • Jan 2033
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Jefferson Health Health Care and Social Assistance 8,000 SF - Net Jan 2033

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
35-00-00979-003
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,216,818 CAD
  • Listing ID: 31577126

  • Date on Market: 2024-04-22

  • Last Updated:

  • Address: 2010 N Broad St, Lansdale, PA 19446

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