Wyomissing Multi-Tenant Medical Office Building

NNN Leased

 

By The Numbers:

  • Purchase Price: $645,000.00
  • Tenant Fit-Out: $258,000.00
  • Total Project Cost: $903,000.00
  • NOI: $129,720.00
  • Unlevered CAP: 14.37%
  • Cash on Cash: 58.75% (Based on 20 year AM at 4% – 80/20)
  • Appraised Value: $1,700,000.00
  • Equity Created: $797,000.00 +/-

 

Project Brief:

  • Motus Equities identified a 5,520 SF former MOB used as an asthma center for a private practice.
  • During the Due Diligence period, Motus Equities identified Mainline Fertility via its brokerage network as a potential user.
  • Motus Equities negotiated a turn-key lease and executed a lease during the Due Diligence period.
  • Motus Investments acquired the asset via a cash investment from its partners.
  • D&B Construction began tenant fit-out immediately following acquisition.
  • Motus Investments secured permanent debt via a refinancing by S&T Bank.
  • Keystone Property & Asset Management took over Facilities Management in 2019.