Medical Office Building with Hospital
675 North Broad Street Extension Grove City, PA 16127
675 North Broad Street Extension, Grove City, PA, 16127
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For Sale
Contact for pricing
100% occupied medical office anchored by major health systems adjacent to Grove City Hospital.
Property Size11,941 SF
Price / SF$175.45
Days on Market55
Property Features for 675 North Broad Street Extension
General Information
- Standard status
- Active
- Size
- 11,941 SF
- Property subtype
- Office
Listing agency
Zeustra Inc
Listed by
Nick Myers · License #PA RS322215
Source
Crexi
Added: May 29 Updated: Jul 10 at 1:49PM Checked: Jul 22 at 2:20PM
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 Zeustra Inc
Investment Insights
Based on property information with market context.
675 N Broad Street Extension is a 11,941-square-foot medical office building presented for sale on a 100% occupied basis. The property is anchored by Independence Health System, which occupies approximately 50% of the building, along with Allegheny Health Network (AHN), which occupies approximately 31%. Ownership is currently in discussions with AHN regarding a lease extension.
The building is strategically located adjacent to Allegheny Health Network’s Grove City Hospital in Grove City, Pennsylvania. This immediate hospital adjacency places the medical office within the local healthcare ecosystem and supports an institutional healthcare tenant mix.
For investors, the asset offers in-place occupancy backed by large healthcare providers and a lease-up profile defined by tenants already operating within the building. The current tenant roster is concentrated with Independence Health System and AHN, and the ongoing discussions with AHN create an opportunity to potentially secure additional lease term. The property is being offered at $2,095,000.
The building is strategically located adjacent to Allegheny Health Network’s Grove City Hospital in Grove City, Pennsylvania. This immediate hospital adjacency places the medical office within the local healthcare ecosystem and supports an institutional healthcare tenant mix.
For investors, the asset offers in-place occupancy backed by large healthcare providers and a lease-up profile defined by tenants already operating within the building. The current tenant roster is concentrated with Independence Health System and AHN, and the ongoing discussions with AHN create an opportunity to potentially secure additional lease term. The property is being offered at $2,095,000.
Key Highlights
- 11,941‑SF medical office investment in Grove City, PA, 100% occupied.
- Adjacent to Allegheny Health Network’s Grove City Hospital.
- Anchored by Independence Health System (~50% of building) and AHN (~31% of space).
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $322.4k | $27.00 |
| − Vacancy | −$15.5k | −$1.30 |
| EGI | $306.9k | $25.70 |
| − OpEx | −$122.8k | −$10.28 |
| NOI | $184.2k | $15.42 |
11,941 SF · lease $27.00/SF/yr · vacancy 4.80% · expense 40.00%
Alternative Uses
Best Use
Office B
$3.27M
$2.86M – $3.81M
NOI $228,866 @ 7.0% cap · market cap 10.92%
Second Best
Healthcare Medical
$2.63M
$2.30M – $3.07M
NOI $184,159 @ 7.0% cap · market cap 8.79%
Theoretical Best
Office A
$4.21M
$3.68M – $4.91M
NOI $294,562 @ 7.0% cap · market cap 14.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Maureen Heurich
Physician
Yvonne Rhoads
Physician
Kayla M Weaver
Physician
David Grover Hoyt
Pediatrician
Kayla M Dehus, ...
Pediatrician
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FAQs
What type of property is this?
Medical Office Space - 100% occupied medical office anchored by major health systems adjacent to Grove City Hospital.
Where is this medical office space located?
The property is located at 675 North Broad Street Extension Grove City, PA.
What is the asking price?
The asking price for this property is $2,095,000.
What are key features of this property?
This property features: 11,941‑SF medical office investment in Grove City, PA, 100% occupied.; Adjacent to Allegheny Health Network’s Grove City Hospital.; Anchored by Independence Health System (~50% of building) and AHN (~31% of space).
