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1340 Belmont Ave
Youngstown, OH 44504
Multi-Tenant Fresenius MOB · Office Property For Sale
Investment Highlights
- ? Fully Occupied Medical Office with Proximity to Hospital Campus ? 1,300 feet from Mercy Health St. Elizabeth Campus
- ? Priced Below Replacement Cost ? $175.77 PPSF creates barrier to entry for new construction limiting competition from entering the market.
- ? New Lease Signed by Mercy Health ? Five Year term to commence upon completion of Landlord improvements
- ? Consistent Rent Growth ? Fresenius rent increases 3.5% Annually ? Mercy Health rent increases 2% Annually
- ? Excellent Historical Occupancy ? Fresenius has occupied for 34 Years
- ? Synergistic Tenant Mix ? Nephrology Practice Refers Patients to Dialysis Clinic
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
26,611 SF
Building Class
B
Year Built
1950
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
13,306 SF
Building FAR
0.41
Lot Size
1.50 AC
Zoning
MU-C
Parking
100 Spaces (3.76 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 53-079-0-523.00-0 | Improvements Assessment | $672,700 |
| Land Assessment | $42,810 | Total Assessment | $715,510 |
Property Taxes
Parcel Number
53-079-0-523.00-0
Land Assessment
$42,810
Improvements Assessment
$672,700
Total Assessment
$715,510
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