Womelsdorf Medical Office Building
By The Numbers:
- Purchase Price: $350,000.00
- Project Cost: $3,649,211.00
- Total Project Cost: $3,999,211.00
- NOI: $415,250.00
- Unlevered CAP: 10.38%
- Cash on Cash: 19.72% (Based on 20 year AM at 4% – 80/20)
- Opinion of Value: $7,650,000.00 (with extra PAD)
- Equity Created: $3,650,789.00
Project Brief:
- Single tenant medical office
- Motus Equities identified a 3.3 acre site along Rt. 422 with limited access in Womelsdorf.
- During the Due Diligence period, Motus Development was able to secure a Right in / Right out along Rt. 422, which enhanced the value of the site and led to securing Tower Health to a 15-year turn-key. lease. In addition, Motus designed the site to accommodate a second 6,000 SF PAD site.
- Motus Development began land development in 2020 and D&B Construction began verticals in 2021.
- D&B Construction completed delivery to Tower Health on October 1, 2021.
- Motus Investments secured permanent financing.
- Keystone Property & Asset Management took over Facilities Management in 2021.
