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336 Thompson Rd 336 Thompson Rd 14,406 SF 95% Leased Office Building Webster, MA 01570 $2,640,000 ($183.26/SF) 8.01% Cap Rate
Investment Highlights
- Purpose built in 2002 for Fresenius Kidney Care
- Pedorthics tenants share many patients with the dialysis clinic
- Situated on the Harrington Hospital Webster Campus
- UMass Medical is the top hospital system in Central Massachusetts
Executive Summary
The Klein Group of Marcus & Millichap is pleased to present 336 Thompson Road in Webster, MA, an on-campus medical office building situated 18 miles from Worcester, New England's second-largest city. Built in 2002, this 14,406-square-foot facility is purpose-built for medical use and is primarily occupied by Fresenius Medical Care (NYSE: FMS), the world's largest dialysis provider. The property is elevator-served, offers 75 surface parking spaces, and provides grade-level access on both levels.
Fresenius has operated at the property since 2002 and recently extended its lease through 2030, with three five-year renewal options remaining. The building is located on the Harrington Hospital campus, part of UMass Memorial Health, providing proximity to the referral networks on which a dialysis operator depends.
The property is subject to a 75-year ground lease, with the land owned by UMass Memorial Health as part of the hospital campus. This unique ground lease allows the building owner, as lessee, to purchase the land at the end of the lease term, creating a built-in path to eventual fee-simple ownership.
Fresenius has operated at the property since 2002 and recently extended its lease through 2030, with three five-year renewal options remaining. The building is located on the Harrington Hospital campus, part of UMass Memorial Health, providing proximity to the referral networks on which a dialysis operator depends.
The property is subject to a 75-year ground lease, with the land owned by UMass Memorial Health as part of the hospital campus. This unique ground lease allows the building owner, as lessee, to purchase the land at the end of the lease term, creating a built-in path to eventual fee-simple ownership.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
14,406 SF
Building Class
C
Year Built
2002
Price
$2,640,000
Price Per SF
$183.26
Cap Rate
8.01%
NOI
$211,432
Percent Leased
95%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,203 SF
Building FAR
0.29
Lot Size
1.15 AC
Zoning
GB4
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 1,500-3,500 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 1,500-3,500 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
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Map
1st Floor
| Size | 1,500-3,500 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
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Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | WEBS-000037-A000000-000003-HR000000H | Improvements Assessment | $0 |
| Land Assessment | $2,900 | Total Assessment | $2,900 |
Property Taxes
Parcel Number
WEBS-000037-A000000-000003-HR000000H
Land Assessment
$2,900
Improvements Assessment
$0
Total Assessment
$2,900
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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