105 Brandt Dr Cranberry Township, PA 16066
Class A, NNN-leased surgery center. High-growth market.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- Class A, 20,650 SF medical office building in Cranberry Township, PA, 100% occupied by EyeSouth Partners under a corporate-guaranteed NNN lease.
- EyeSouth Partners, a leading national eyecare provider with 300+ physicians and 170+ locations, backed by premier private equity. Significant revenue growth (49% since 2018).
- Building houses one of only three EyeSouth Surgery Centers in Pennsylvania, performing over 2,015 procedures annually; 20+ years of successful occupancy.
- Strong healthcare market with 5% vacancy and $325M in medical spending in 2022; 22% population growth since 2010, with 21% of the population within a 1-mile radius being 65+.
- 8.4 years remaining on a 12-year lease with 2.0% annual rent escalations and two 5-year renewal options; $8,420,000 asking price, $407.75/SF, 6.50% cap rate, $547,301 NOI.
Property Details for 105 Brandt Dr
- Property type
- Office properties, Medical offices
- Square Feet
- 20,650 SF
- Class
- A
- Year Built
- 2003
- Buildings
- 1
- Stories
- 2
- Lot Size (sq. ft)
- 78,408 SF
Location Insight
- City
- Cranberry Township
- County
- Butler
- State
- Pennsylvania
- Latitude
- 40.692556054858
- Longitude
- -80.105841051789
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - Class A, NNN-leased surgery center. High-growth market.
- Where is the office property located?
- The property is located at 105 Brandt Dr Cranberry Township, PA.
- What is the asking price?
- The asking price for this property is $8,420,000.
- What are key features of this property?
- This property features: Class A, 20,650 SF medical office building in Cranberry Township, PA, 100% occupied by EyeSouth Partners under a corporate-guaranteed NNN lease.; EyeSouth Partners, a leading national eyecare provider with 300+ physicians and 170+ locations, backed by premier private equity. Significant revenue growth (49% since 2018).; Building houses one of only three EyeSouth Surgery Centers in Pennsylvania, performing over 2,015 procedures annually; 20+ years of successful occupancy.
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