Fresenius Kidney Care Medical
For Sale
$5,848,000
100 Pappan Business Dr, Beaver Falls, PA 15010
Fresenius Kidney Care facility with a specialized healthcare focus.
Property Size11,562 SF
Price / SF$505.79
Days on Market38
Property Features for 100 Pappan Business Dr
General Information
Standard status
Active
Size
11,562 SF
Property subtype
Single-Tenant Office Medical
Lease Type
NNN
Additional Details
Cap Rate
6.53%
Amenities
SINGLE-TENANT MEDICAL OFFICE 11,562 Sq Ft | 0.92 Acres
TRIPLE NET (NNN) LEASE Recent 10-Year Lease Extension
CORPORATE GUARANTY Long-Term Tenant (21-Years History)
CAPITAL IMPROVEMENTS 2026 Improvements Include New Roof Installed with Warranty, Five (5) New HVAC Units with Warranty, Parking Lot
STRONG FRESENIUS LOCATION Nephrologist Referral Network & Station Count (30)
PITTSBURGH, PA MSA City of Beaver Falls | Beaver Falls County
Building Details
Building Size
11,562 SF
Tenancy
Single
Listed By:
Timothy B. Stephenson Jr · License #License(s) PA: RMR006104
(215) 531-7000
Source:
Marcusmillichap
Added: Jul 30
Changed: Aug 22
Last Checked: Sep 5 at 3:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Timothy B. Stephenson Jr
Investment Insights
Based on property information with market context.
Fresenius Kidney Care is located at 100 Pappan Business Dr in Beaver Falls, Pennsylvania. The medical center contains 11,562 square feet and is identified for specialized kidney care operations.
The property is offered for sale and carries a stated 6.53% cap rate.
The property is offered for sale and carries a stated 6.53% cap rate.
Key Highlights
- Fresenius Kidney Care medical center
- 11,562 square feet
- Stated 6.53% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$201,456
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,029,120
$4.0M
Cap Rate 7%
$2,877,943
$2.9M
Cap Rate 9%
$2,238,400
$2.2M
Market Conditions
NOI Build-Up for 11,562 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$381.5K $33.00/SF
− Vacancy
−$45.8K −$3.96/SF
EGI
$335.8K $29.04/SF
− OpEx
−$134.3K −$11.62/SF
NOI
$201.5K $17.42/SF
Area
Beaver County, PA
Vacancy
12.00%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,029,120
Cap Rate 7%
$2,877,943
Cap Rate 9%
$2,238,400
Alternative Uses
Best Use
Healthcare Medical
$2.88M
$2.52M – $3.36M
NOI $201,456 @ 7.0% cap · market cap 3.44%
Second Best
Office B
$2.11M
$1.85M – $2.46M
NOI $147,700 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,151 @ 7.0% cap · market cap 3.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
Explore this area
Business Placement
Demographics for 15010, PA
28,736
Population
12,620
Households
2.3
Avg Household Size
44
Median Age
31%
College-Educated
94%
High-School Grad
51.1 sq mi
ZIP Area
562
Density / Sq Mi
$70,253
Median Household Income
$40,943
Median Earnings
$833
Median Rent
$196,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Fresenius Kidney Care facility with a specialized healthcare focus.
Where is this medical center located?
The property is located at 100 Pappan Business Dr Beaver Falls, PA.
What is the asking price?
The asking price for this property is $5,848,000.
What are key features of this property?
This property features: Fresenius Kidney Care medical center; 11,562 square feet; Stated 6.53% cap rate
