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9 Loon Hill Rd
Dracut, MA 01826
Lowell General Hospital Medical Office · Office Property For Sale
Investment Highlights
- Absolute NNN Lease Structure
- Market-Dominant Health System
- Long-Term Lease with Favorable Renewal Options
- Hospital-Level Guaranty | Investment-Grade Credit
- Purpose-Built Medical Facility Below Replacement Cost
Executive Summary
Northmarq National Healthcare Group is pleased to present the opportunity to acquire the Lowell General Hospital Medical Office Building (MOB), a 27,324 square foot, purpose-built, three-story outpatient healthcare facility located at 9 Loon Hill Road in Dracut, Massachusetts, within the Greater Boston metropolitan area. Constructed in 2018, the property is just eight years old and was specifically designed for Lowell General Hospital, offering institutional-quality construction and modern clinical layouts well suited for long-term healthcare operations.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
27,324 SF
Building Class
B
Year Built
2018
Price
$16,131,254 CAD
Price Per SF
$590.37 CAD
Cap Rate
6.20%
NOI
$1,000,412 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
9,108 SF
Building FAR
0.24
Lot Size
2.62 AC
Zoning
B3 - Business General
Parking
95 Spaces (3.48 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | DRAC-000051-000080-000001-000003 | Improvements Assessment | $7,005,619 CAD |
| Land Assessment | $1,279,261 CAD | Total Assessment | $8,284,880 CAD |
Property Taxes
Parcel Number
DRAC-000051-000080-000001-000003
Land Assessment
$1,279,261 CAD
Improvements Assessment
$7,005,619 CAD
Total Assessment
$8,284,880 CAD
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