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Sports Medicine North | 14+ Yr NNN 1 Orthopedics Dr 48,920 SF 100% Leased Office Building Peabody, MA 01960 $44,187,423 CAD ($903.26 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong 40 Location Growing Regional Operator – The tenant, Spire Orthopedic Partners, one of the leading orthopedic platforms in the Northeast
- $3.5MM Tenant Funded Surgery Expansion in 2026 – The facility currently includes five operating rooms, consisting of three Class C operating rooms
- New Roof with Long Term Warranty – The property features a new roof installed in April 2021 at a cost of $153,300.
- Long-Term Lease – The property is secured by a long-term lease with over 14 years of base term remaining, providing investors with a guaranteed income
- Significant Recent Landlord Capital Investment – Ownership has invested approximately $793,000 into major capital improvements at the property
EXECUTIVE SUMMARY
Kyle Matthews
License # 1000083-RE-RB (MA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
A real estate company serving the Peabody, MA area.
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- Health Care and Social Assistance
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Since opening our doors in 2004, the OSCNS has provided patients of the North Shore with a clean, efficient, high quality alternative for outpatient surgical care. With an intimate setting, a passionate core of nurses, and state of the art technology, the OSCNS provides the ultimate setting for day surgical procedures. Their surgeons and physicians have performed over 73,000 orthopedic, pain management, and gastroenterology procedures right in our center, with an astonishingly low infection well under 1%.
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- Health Care and Social Assistance
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Sports Medicine North offers comprehensive orthopedic care provided by highly trained orthopedic surgeons. They’re the premier practice in the area for treating athletic and other injuries and conditions that cause orthopedic pain. Their surgeons have a breadth of knowledge in various orthopedic specialty areas because of their extensive training, education, and experience. Their practice’s physicians are consistently acknowledged for their outstanding patient care, receiving numerous awards. This recognition includes the recent honor of having 16 of their doctors listed as Top Doctors in the prestigious 2023 Top Doctors Castle Connolly ranking. They offer cutting-edge, non-narcotic therapies that reduce pain and increase mobility, as well as advanced surgical techniques such as minimally invasive and robotic surgeries. They also have a best-in-class outpatient surgical center for same-day surgical care, Orthopedic Surgery Center of North Shore (OSCNS).
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| NSO Realty LLC | Real Estate | - | - | - | ||
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Health Care and Social Assistance | - | - | - | ||
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Health Care and Social Assistance | - | - | - |
PROPERTY TAXES
| Parcel Number | PEAB-000062-000000-000018 | Improvements Assessment | $8,340,855 CAD |
| Land Assessment | $4,661,663 CAD | Total Assessment | $13,002,518 CAD |
PROPERTY TAXES
CONTACTS
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Kyle Mackulak -
Rahul Chhajed -
Tyler Swade -
Michael Moreno -
Matthews Real Estate Investment Services
Presented by
Sports Medicine North | 14+ Yr NNN | 1 Orthopedics Dr
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