Healthcare

Fairview Park MOB

Fairview Park, Ohio

Asking Price

$2,310,037

Cap Rate

9.50%

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Stabilized NOI

$219,453

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Total Rentable SF

+/- 11,806 SF

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Land Area

+/- 0.46 Acres

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Expenses

NN

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Use

Medical/Office

INVESTMENT HIGHLIGHTS

No Early Termination or Kick-Out Clause
Leading Operator – DaVita, Inc. | 2,675 clinics | 200,800 patients.
Strong Parent Company– $12.14 billion revenue | $691 million net income | S&P: BB
Growing Industry – Over 562,000 ESRD patients | CAGR 3.0% (2010-2020)
Insulated from Macroeconomic Changes

Value-Add Opportunity – 56% vacancy
Top 50 MSA – Cleveland | Population 2,185,825
Strategically Positioned – Just off Interstate 480
Located Near Airport – Within one mile of Cleveland Hopkins International Airport
Excellent Demographics – 209,000 population | $110,000 AHHI (5-mile)

Exclusively Listed By

Scott Briggs

Senior Vice President
sabriggs@northmarq.com 918.794.9787

Kelly Largent

Vice President
klargent@northmarq.com 918.884.3142

David Read

Associate
dread@northmarq.com 918.884.3141

Sarah Martin

Lead Marketing & Operations Analyst
smartin@northmarq.com

Nathanael Berwaldt

Investment Analyst
nberwaldt@northmarq.com

In Association With
Jeff McKinney

Ohio Broker
OH Lic. #BRK.2016002560

Northmarq

6120 S Yale Ave, Suite 300
Tulsa, OK 74136

northmarq.com