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1 Orthopedics Dr
Peabody, MA 01960 Central Peabody

$32,220,667 USD

Medical For Sale  •  64,920 SF

Property Details

  • Property Type Medical
  • Total Building Size 48,920 SF
  • Lot Size 1.72 AC
  • Building Class C
  • Year Built 1984
  • Cap Rate 6.00 %
  • Tenancy Multiple
  • Zoning N/Av
0 Transit Score
67 Walk Score

Highlights

Strong 40 Location Growing Regional Operator – The tenant, Spire Orthopedic Partners, one of the leading orthopedic platforms in the Northeast
Long-Term Lease – The property is secured by a long-term lease with over 14 years of base term remaining, providing investors with a guaranteed income
$3.5MM Tenant Funded Surgery Expansion in 2026 – The facility currently includes five operating rooms, consisting of three Class C operating rooms
Significant Recent Landlord Capital Investment – Ownership has invested approximately $793,000 into major capital improvements at the property
New Roof with Long Term Warranty – The property features a new roof installed in April 2021 at a cost of $153,300.
Cap Rate: 6.00 %

Major Tenants

Tenant SF Occupied Lease End Date
NSO Realty LLC
Orthopedic Surgical Center of the North Shore
Sports Medicine North

Public Transportation

Commuter RailDriveWalkDistance
Salem (Newburyport/Rockport Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) 10 min - 3.4 mi
North Beverly (Newburyport/Rockport Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) 10 min - 6.1 mi
AirportDriveWalkDistance
General Edward Lawrence Logan International 31 min - 17.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 290
Type: Surface
Included in Rent: Yes
Kyle Mackulak 262-672-8388 Matthews Real Estate Investment Services
Kyle Mackulak 262-672-8388 Matthews Real Estate Investment Services