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15 Silvercrest Pl
Iowa City, IA 52240
ThriveNow Recovery | 8.50 Cap | 15 Yr Abs NNN · Health Care Property For Sale · 60 Beds

INVESTMENT HIGHLIGHTS

  • HIGH NET WORTH PERSONAL GUARANTEE – Each lease will be personally guaranteed by a principal of the operating company
  • ABSOLUTE NNN LEASES – Each site will feature an absolute NNN lease with no landlord responsibilities, making these investments hands off
  • GROWING OPERATOR – The operator is on track to expand their footprint significantly this year while planning to open 30 new centers nationwide
  • LONG-TERM LEASES – The tenant will execute 15-year leases at each site at closing, eliminating any potential near-term rollover risk.
  • ATTRACTIVE ANNUAL ESCALATORS – The leases across each site in the portfolio will include 3% annual rent escalators
  • BEST-IN-CLASS MANAGER – Managed by Ascension Recovery Services, these facilities benefit from the organization’s extensive experience and success

PROPERTY FACTS

Property Type Health Care
Property Subtype Rehabilitation Center
Building Class C
Lot Size 2.37 AC
Building Size 28,056 SF
No. Beds 60
No. Stories 1
Year Built/Renovated 2001/2025
Parking Ratio 2.74/1,000 SF
Zoning MFD - MultiFamily Development

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0918329011
Land Assessment
$533,250
Improvements Assessment
$3,302,760
Total Assessment
$3,836,010
  • Listing ID: 35507537

  • Date on Market: 4/16/2025

  • Last Updated:

  • Address: 15 Silvercrest Pl, Iowa City, IA 52240

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