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1340 Belmont Ave
Youngstown, OH 44504 Brier Hill

$4,150,000 USD

Medical For Sale  •  26,611 SF

Property Details

  • Property Type Medical
  • Total Building Size 26,611 SF
  • Lot Size 1.5 AC
  • Building Class B
  • Year Built 1950
  • Tenancy Multiple
  • Zoning MU-C
0 Transit Score
49 Walk Score

Highlights

? Fully Occupied Medical Office with Proximity to Hospital Campus ? 1,300 feet from Mercy Health St. Elizabeth Campus
? Consistent Rent Growth ? Fresenius rent increases 3.5% Annually ? Mercy Health rent increases 2% Annually
? Priced Below Replacement Cost ? $175.77 PPSF creates barrier to entry for new construction limiting competition from entering the market.
? Excellent Historical Occupancy ? Fresenius has occupied for 34 Years
? New Lease Signed by Mercy Health ? Five Year term to commence upon completion of Landlord improvements
? Synergistic Tenant Mix ? Nephrology Practice Refers Patients to Dialysis Clinic

Amenities

  • Bus Line
  • Signage

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 100
Type: Surface
Included in Rent: Yes
Christopher Biuso 813-210-7741 Marcus & Millichap
Christopher Biuso 813-210-7741 Marcus & Millichap