Eden Medical Center

• Compelling Value-Add Medical Office Opportunity – Approximately 54% of the building is currently vacant, providing investors with significant upside through lease-up while maintaining immediate income from the existing tenant base.
• Attractive Entry Basis – Offered at just $113.16/SF, providing an attractive, low-cost basis for a relatively modern medical office building constructed in 2015, with additional upside as occupancy improves.
• Meaningful NOI Growth Potential – Current NOI of approximately $57,334 is projected to increase to approximately $186,938 upon stabilization, representing substantial embedded income growth.
• 9.25% Projected Yield on Cost – Underwritten stabilization at $18.00/SF NNN produces an estimated 9.25% pro forma return on total acquisition and improvement cost, providing a clear value-add execution strategy.
• Existing Medical Build-Out Reduces Lease-Up Risk – Existing Medical Build-Out Reduces Lease-Up Risk – Of the 7,017 SF currently vacant, approximately 4,917 SF is already built out as medical office across two suites, potentially reducing the time and capital required to secure new healthcare tenants.
• Additional Gray-Shell Opportunity – Approximately 2,100 SF of gray-shell space gives an incoming investor flexibility to customize a suite for a medical, therapy, specialty-care, or professional-office user.
• Diversified Healthcare Tenant Mix – Established Healthcare Tenancy – Existing tenancy includes a local dermatology practice and HearingLife, part of global hearing healthcare company Demant.
• Modern Medical Office Asset – Built in 2015, the property offers a significantly newer physical plant than many comparable secondary-market medical office properties.
• Multiple Paths to Value Creation – Investors can create value through lease-up, improved occupancy, NOI growth, and potential cap-rate compression once the asset reaches stabilization.