For Sale
$1,250,000

800 Health Services DrSeaford, DE 19973

Class A Medical Office, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
116
Exceptional investment opportunity in Seaford, Delaware, featuring a 4,800 square foot Class A medical office building, constructed in 2021. This single-tenant property boasts a nationally recognized medical tenant under a triple-net (NNN) lease with a remaining term of approximately 4.1 years, extending to December 31, 2028. The lease includes annual rent increases of 3% and two three-year renewal options, ensuring consistent income growth. The property enjoys a prime location within Seaford's established medical and professional office corridor, in close proximity to Tidal Health Hospital and other medical facilities. With a current net operating income (NOI) of $81,480 and an asking price of $1,250,000, this investment offers a compelling 6.52% cap rate. The building's high-quality construction and strong tenant occupancy make it an attractive and stable investment opportunity. The property is situated at 800 Health Services Drive, Seaford, DE 19973. This stabilized investment offers a secure and lucrative return for discerning investors seeking a high-quality medical office asset in a thriving Delaware market. The lease commenced July 1, 2021.

Highlights

  • $1,250,000 asking price for a stabilized Class A medical office building.
  • 4,800 square feet, located in Seaford, DE's medical corridor.
  • 100% occupancy with a national medical tenant under a NNN lease.
  • $81,480 Net Operating Income (NOI) with a 6.52% cap rate.
  • 7.5-year lease with 4.1 years remaining, including two 3-year options and 3% annual rent increases.
  • Newly constructed in 2021.

Property Details for 800 Health Services Dr

Property type
Office properties, Medical offices
Square Feet
4,800 SF
Class
A
Year Built
2021

Location Insight

City
Seaford
County
Sussex
State
Delaware
Latitude
38.6601067
Longitude
-75.6019775
800 Health Services Dr, Seaford, Delaware

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800 Health Services Dr
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