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254 Western Ave
South Portland, ME 04106

$4,327,286 USD

Medical For Sale  •  7,860 SF

Property Details

  • Property Type Medical
  • Total Building Size 7,424 SF
  • Lot Size 0.72 AC
  • Building Class A
  • Year Built 1979
  • Cap Rate 6.86 %
  • Tenancy Single
  • Zoning CS
33 Transit Score
49 Walk Score

Highlights

Best-in-class Tenant – Paradigm Oral Health is one of the largest DSOs in the country with 75+ locations and growing.
±14.9 Year NNN Investment – This deal offers a great opportunity for buyers looking to acquire a long-term passive asset.
3% Annual Rental Increases – The lease features 3% annual rental increases, providing investors with growing cash flow and a hedge against inflation.
BlackRock Subsidiary – In April 2023, BlackRock, the world’s #1 asset manager, acquired a majority interest in Paradigm Oral Health.
Streamlined Expansion – Paradigm expands by acquiring existing practices that are already successful and established within the community.
Healthcare Real Estate – Healthcare properties are extremely sought-after investments for their resistance to recessions and e-commerce.

Property Flyers

Cap Rate: 6.86 %

Public Transportation

Commuter RailDriveWalkDistance
7 min - 3.7 mi
AirportDriveWalkDistance
Portland International Jetport 6 min - 2.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 15
Type: Surface
Included in Rent: Yes
Seamus O'Brien 773-219-0964 Matthews Real Estate Investment Services
Seamus O'Brien 773-219-0964 Matthews Real Estate Investment Services