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Bay State Veterinary Emergency | 15 Yrs NNN 463 Swansea Mall Dr 36,316 SF Office Building Swansea, MA 02777 $34,494,991 CAD ($949.86 CAD/SF) 7% Cap Rate
Investment Highlights
- STABLE LONG-TERM INVESTMENT | OPTIONS TO EXTEND – The NNN lease has just under 15 years remaining, with 2.75% annual rental increases after year 3.
- HEALTHCARE REAL ESTATE | RECESSION RESISTANT PROPERTY – Veterinary Hospitals are extremely sought-after investments.
- CONVENIENT LOCATION – The subject property is well-positioned off Swansea Mall Drive, seeing more than 14,405 vehicles per day.
- SCHEDULED RENTAL INCREASES | HEDGE AGAINST INFLATION – The lease features 2.75% annual rental increase after year 3
- TENANT INVESTMENT IN LOCATION – Pet Hospitals rarely relocate due to difficulty retaining the same patients in a new location.
- NEARBY RETAIL – The property is surrounded by a mix of medical offices, schools, neighborhoods, and prominent retailers including Walmart Supercenter.
Executive Summary
Broker of Record
Kyle Matthews
License No. 1000083-RE-RB (MA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Kyle Matthews
License No. 1000083-RE-RB (MA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
36,316 SF
Building Class
B
Year Built
1989
Price
$34,494,991 CAD
Price Per SF
$949.86 CAD
Cap Rate
7%
NOI
$2,414,649 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
18,158 SF
Slab To Slab
12’
Building FAR
0.10
Lot Size
8.38 AC
Zoning
Commercial - Commercial
Parking
160 Spaces (4.41 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Security System
- Signage
- Reception
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $5,721,279 CAD | |
| Land Assessment | $1,172,472 CAD | Total Assessment | $6,893,750 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,172,472 CAD
Improvements Assessment
$5,721,279 CAD
Total Assessment
$6,893,750 CAD
Contacts
-
Andrew Evans -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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Bay State Veterinary Emergency | 15 Yrs NNN | 463 Swansea Mall Dr
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