2010 Broad StLansdale, PA 19446

Property Details for 2010 Broad St

Year built

2018

Lot size

0.83 AC

Property size (Sq ft)

8,157 SF

Zone code

C

Property type

Healthcare properties

Property subtype

Medical offices

APN

35-00-00979-00-3

APU

350000979003

Description

This exceptional investment opportunity presents a single-tenant, 8,000-square-foot medical office building in Lansdale, Pennsylvania. The property, constructed in 2018 as a build-to-suit for Jefferson Health, boasts a strong 15-year net lease with 8.2 years remaining, featuring 1% annual rent bumps and two five-year renewal options. Located at 2010 N Broad St, in Montgomery County, on a 1.54-acre lot, this property offers a passive ownership structure with no immediate capital expenditures needed. The building benefits from Jefferson Health's strong credit rating (A2) and the stability of a destination-driven medical business model. The tenant, Jefferson Health, merged with Einstein Health in 2021, combining resources and strengthening its market position. The property's location shows consistent population growth, with a 4% increase within a 10-mile radius over the past 12 years and a projected 1.5% growth in the next five years. The current asking price is $2,972,000, representing a 7.00% capitalization rate and a price per square foot of $371.50. The Net Operating Income (NOI) is $208,058, providing a stable and attractive return on investment. This is a rare opportunity to acquire a high-quality, passively managed medical office building with a long-term lease and significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,026,325

  6.5%

  $1,870,454

  7%

  $1,736,850

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,072,958

  Geo Method

  $1,065,794

• Alternative Use

  Use

  Valuation

  Residential

  $2,319,363

  Hospitality

  $2,124,524

  Educational

  $1,767,579

  Medical

  $1,828,369

  Retail

  $2,749,568

Location Insight

City

Lansdale

County

Montgomery

State

Pennsylvania

Latitude

40.2602

Longitude

-75.2642

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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