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950 Hospital Way 3,703 SF Medical Condo Unit Offered at $1,190,250 in Pocatello, ID 83201
INVESTMENT HIGHLIGHTS
- Credit Tenant: Backed by Pocatello Hospital, LLC, an affiliate of Ardent Health Services which is a leading operator of community hospitals across US
- Excellent Accessibility: Immediate access to I-15 and centrally positioned within Pocatello’s primary commercial and healthcare corridor
- Net Lease Structure: Tenant reimburses Landlord for all standard operating expenses (taxes, insurance, CAM), minimizing landlord obligations.
- Strategic Location: Adjacent to Portneuf Medical Center, the region’s premier hospital and medical hub
- Rare 2.5% Annual Rent Increases: Provides predictable and consistent income growth throughout the initial term.
- “Sticky” Medical Tenancy: Medical users are historically long-term occupants due to high build-out costs and patient retention considerations. Ample O
EXECUTIVE SUMMARY
Goldman | Ryden Real Estate Investment Services is pleased to present the opportunity to acquire a medical office condominium located at 950 Hospital Way, Suite A, Pocatello, Idaho. The property is leased to Pocatello Hospital, LLC, a subsidiary of Ardent Health Partners, operating locally as Idaho Sports & Spine. This offering represents a stable, healthcare backed investment at an attractive 7% cap rate, a brand new 5 year term, positioned below replacement cost in a strong regional medical corridor.
PROPERTY FACTS
| Total Building Size | 5,375 SF | Typical Floor Size | 5,375 SF |
| Property Type | Office (Condo) | Year Built | 2009 |
| Property Subtype | Medical | Lot Size | 1.16 AC |
| Building Class | B | Parking Ratio | 5.95/1,000 SF |
| Floors | 1 |
| Total Building Size | 5,375 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 5,375 SF |
| Year Built | 2009 |
| Lot Size | 1.16 AC |
| Parking Ratio | 5.95/1,000 SF |
AMENITIES
- Signage
- Monument Signage
1 UNIT AVAILABLE
Unit A
| Unit Size | 3,703 SF | Sale Type | Investment |
| Price | $1,190,250 | Cap Rate | 7.00% |
| Price Per SF | $321.43 | NOI | $83,317.50 |
| Condo Use | Medical |
| Unit Size | 3,703 SF |
| Price | $1,190,250 |
| Price Per SF | $321.43 |
| Condo Use | Medical |
| Sale Type | Investment |
| Cap Rate | 7.00% |
| NOI | $83,317.50 |
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950 Hospital Way
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