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.