Log In/Sign Up
Your email has been sent.
1495 N Center Ave - Community Life | UPMC - Somerset, PA 13,300 SF Health Care Building Offered at $3,852,000 at a 7.50% Cap Rate in Somerset, PA 15501
INVESTMENT HIGHLIGHTS
- LONG-TERM LEASE WITH STRONG NONPROFIT GUARANTOR - leased to and guaranteed by Pittsburgh Care Partnership/Community LIFE and backed by UPMC
- Located within a concentrated medical hub including UPMC Somerset Hospital less than 2 miles away
- Over 25% of the population within 5 miles of the site falls into the Baby Boomer age group, which aligns perfectly with Tenant's target demographic
- NNN lease offers a passive ownership experience with minimal landlord responsibilities (roof & structure) or expenses
- This location offers excellent visibility and easy regional access via the convergence of the PA Turnpike (I-76), US Hwy 219, and US Hwy 601
- New 15-yr. NNN* lease that has over 8.5 years remaining on the initial term, with two 5-year renewal options thereafter
EXECUTIVE SUMMARY
CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE the Community LIFE building in Somerset, Pennsylvania. Delivered new in 2020 and situated on an oversized 3.74-acre parcel, this 13,300 SF Class “A” healthcare facility was purpose-built to support Community LIFE’s integrated senior care model, enabling older adults to age in place with dignity, independence, and a high quality of life.
PROPERTY FACTS
| Price | $3,852,000 | Building Class | C |
| Price Per Bed | $385,200 | Lot Size | 3.74 AC |
| Sale Type | Investment | Building Size | 13,300 SF |
| Cap Rate | 7.50% | No. Beds | 10 |
| Sale Condition | Build to Suit | No. Stories | 1 |
| Property Type | Health Care | Year Built | 2020 |
| Property Subtype | Assisted Living |
| Price | $3,852,000 |
| Price Per Bed | $385,200 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Sale Condition | Build to Suit |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | C |
| Lot Size | 3.74 AC |
| Building Size | 13,300 SF |
| No. Beds | 10 |
| No. Stories | 1 |
| Year Built | 2020 |
1 1
PROPERTY TAXES
| Parcel Number | 420007810 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $433,970 |
PROPERTY TAXES
Parcel Number
420007810
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$433,970
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1495 N Center Ave - Community Life | UPMC - Somerset, PA
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.