For Sale
$2,753,000

201 Mary Higginson Ln Uniontown, PA 15401

High-yield, multi-tenant medical building.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a 13,067 square foot, multi-tenant medical office building located at 201 Mary Higginson Ln, Uniontown, PA 15401. The property boasts a strong 7.75% cap rate and a substantial net operating income (NOI) of $213,361. Currently 100% occupied by two credit-rated tenants, DaVita Dialysis and WVU Medicine, this NNN-leased property offers a stable and predictable income stream. The leases feature favorable terms, including annual rent bumps—1.5% for DaVita and the greater of 3% or CPI for WVU Medicine—extending through April 29, 2031, providing a remaining lease term of 6.4 years. Recent renovations exceeding $200,000 enhance the property's appeal. The strategic location within a thriving medical hub, just 1.7 miles from WVU Uniontown Hospital, and serving a population of over 73,000 within a 10-mile radius, ensures consistent demand. This synergistic tenancy, with both tenants recently extending their leases, demonstrates a strong commitment to the site and presents a compelling investment opportunity for discerning buyers. The property's financial strength, coupled with its long-term lease structure and built-in rent growth, makes it an attractive addition to any portfolio. The investment type is a multi-tenant medical net lease with a lease commencement date of July 20, 2010.

Highlights

  • 13,067 SF multi-tenant medical office building with recent renovations exceeding $200,000.
  • NNN-leased property with DaVita Dialysis and WVU Medicine as tenants, both recently extending their leases.
  • 7.75% cap rate and 8.25% cash-on-cash return.
  • Annual rent increases: 1.5% for DaVita; greater of 3% or CPI for WVU Medicine.
  • Strong market demographics: 73,000+ population within a 10-mile radius, located 1.7 miles from WVU Uniontown Hospital.
  • Synergistic tenancy in a thriving medical hub with no vacancies in the immediate area.

Property Details for 201 Mary Higginson Ln

Property type
Office properties, Medical offices
Square Feet
13,067 SF

Location Insight

City
Uniontown
County
Fayette
State
Pennsylvania
Latitude
39.9107355
Longitude
-79.7557522

FAQs

What type of property is this?
Office property - High-yield, multi-tenant medical building.
Where is the office property located?
The property is located at 201 Mary Higginson Ln Uniontown, PA.
What is the asking price?
The asking price for this property is $2,753,000.
What are key features of this property?
This property features: 13,067 SF multi-tenant medical office building with recent renovations exceeding $200,000.; NNN-leased property with DaVita Dialysis and WVU Medicine as tenants, both recently extending their leases.; 7.75% cap rate and 8.25% cash-on-cash return.
How can I contact the broker?
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201 Mary Higginson Ln
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