CHI Memorial Net Leased Medical Office Investment

Office for Sale
Sale Pending
Catylist Listing ID: 30263874
Property Subtypes: Medical
Status: Pending
Condo? Yes
Building Size (RSF): 5,993 SF
Gross Building Area: See Agent
Sale Price: $1,100,000
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Hamill Professional Centre
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 8.72%
Last Updated: 11/26/2018

Overview / Comments

NAI Charter is pleased to exclusively offer for sale two medical office condos net leased by CHI Memorial at an 8.72% CAP Rate. The tenant operates the Mary Ellen Locher Breast Center and Memorial Hospital Physical Therapy within the Hamill Professional Centre Medical development.

These medical office condos are strategically located right next door to CHI Memorial Hospital Hixson at 5022 Old Godsey Lane; suites 8 and 9. This acquisition provides an investor with a strong underlying asset along with a quality medical tenant with ample lease term.

CHI Memorial is a not-for-profit healthcare organization founded in 1952 with more than 2 million square feet just in Chattanooga.
CHI Memorial offers a continuum of care including preventative, primary and acute hospital care, as well as cardiac, cancer, orthopedic, imaging, and a multitude of other services.

CHI Memorial is the tenant doing business as Mary Ellen Locher Breast Center for Excellence and Memorial Hospital Physical Therapy. Both businesses are well established and benefit from CHI Memorial being a regional referral center of choice with more than 3,500 associates and more than 650 affiliated physicians providing healthcare throughout Southeast Tennessee and Northwest Georgia.

For a Full Offering Memorandum please execute a return the confidentiality agreement ("CA") which is a link in the attached flyer via instructions on the CA.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033110J A 01000C007
Is Condo?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,196 37,401 101,573
Median Age: 40 41.81 40.25
Households: 1,911 16,515 43,876


Photograph of Listing Agent

Jeff Jennings

NAI Charter Real Estate Corp. Greater Chattanooga REALTORS® Member
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