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SMILE DOCTORS & SPECIALTY1 PARTNERS 201 Van Gundy Dr

6,848 SF 100% Leased Office Building Bryan, OH 43506 £571,933 (£84/SF) 9.75% Net Initial Yield

Investment Highlights

  • Tenant Investment in Location: Dental support organizations rarely relocate due to high build-out costs and difficulty in retaining the same patients
  • Recent Lease Extension: Smile Doctors acquired the practice in 2023 showing their long-term commitment to the location.
  • Streamlined Expansion: Smile Doctors expands by acquiring existing practices that are already established within the community. This allows them to qu
  • Growing Business Model: In 2017, 7.4% of dental practices were affiliated with a dental support organization. By 2020 this number grew to 10.4%
  • Ideal Investment: This deal has a low barrier to entry for investors because of its attractive price point and high return.
  • Best-in-Class Tenant: Smile Doctors is one of the most sought-after tenants in the Healthcare space, recognized as one of the largest dental companies

Executive Summary

Broker of Record
Matt Wallace
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113

Attachments

OM - Smile Doctors & Specialty1 - Bryan

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,848 SF
Building Class
C
Year Built
1984
Price
£571,933
Price Per SF
£84
Net Initial Yield
9.75%
NOI
£55,764
Percent Leased
100%
Number of Floors
1
Typical Floor Size
6,848 SF
Building FAR
0.32
Lot Size
0.50 AC

Links

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PROPERTY TAXES

Parcel Number 063-180-03-007.000 Improvements Assessment £56,829
Land Assessment £9,202 Total Assessment £66,031

PROPERTY TAXES

Parcel Number
063-180-03-007.000
Land Assessment
£9,202
Improvements Assessment
£56,829
Total Assessment
£66,031
(773) 219-0964

Contacts

  • Listing ID: 33760840

  • Date on Market: 05/11/2024

  • Last Updated:

  • Address: 201 Van Gundy Dr, Bryan, OH 43506

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© 2024 CoStar Group

SMILE DOCTORS & SPECIALTY1 PARTNERS | 201 Van Gundy Dr
(773) 219-0964 x

SMILE DOCTORS & SPECIALTY1 PARTNERS | 201 Van Gundy Dr

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Seamus O'Brien

(773) 219-0964

(773) 219-0964

Thor St John

(310) 955-1774

(310) 955-1774

Michael Moreno

(949) 432-4511

(949) 432-4511

Rahul Chhajed

(818) 434-1106

(818) 434-1106

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