For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers

800 Health Services Dr Seaford, DE 19973

Sponsored
For Sale
$1,250,000

Class A Medical Office, 100% Occupied

Property size:
4,800 SF

Description

Added:
Dec 11, 2024
Days on Market:
395
Exceptional investment opportunity in Seaford, Delaware, featuring a 4,800 square foot Class A medical office building, constructed in 2021. This single-tenant property boasts a nationally recognized medical tenant under a triple-net (NNN) lease with a remaining term of approximately 4.1 years, extending to December 31, 2028. The lease includes annual rent increases of 3% and two three-year renewal options, ensuring consistent income growth. The property enjoys a prime location within Seaford's established medical and professional office corridor, in close proximity to Tidal Health Hospital and other medical facilities. With a current net operating income (NOI) of $81,480 and an asking price of $1,250,000, this investment offers a compelling 6.52% cap rate. The building's high-quality construction and strong tenant occupancy make it an attractive and stable investment opportunity. The property is situated at 800 Health Services Drive, Seaford, DE 19973. This stabilized investment offers a secure and lucrative return for discerning investors seeking a high-quality medical office asset in a thriving Delaware market. The lease commenced July 1, 2021.

Property Features for 800 Health Services Dr

General Information

Property type
Medical offices
Square Feet
4,800 SF
Class
A

Building Details

Year Built
2021

HighLights

  • $1,250,000 asking price for a stabilized Class A medical office building.
  • 4,800 square feet, located in Seaford, DE's medical corridor.
  • 100% occupancy with a national medical tenant under a NNN lease.
  • $81,480 Net Operating Income (NOI) with a 6.52% cap rate.
  • 7.5‑year lease with 4.1 years remaining, including two 3‑year options and 3% annual rent increases.
  • Newly constructed in 2021.
Property Profile Location Intelligence

Current Use by Public Records

Planned Parenthood of Delaware ... Reproductive Health Clinic Jessica Day-Chrzaszcz Physician Assistant

Suggested Use

Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Seaford
County
Sussex
State
Delaware
Longitude
-75.6019775
Latitude
38.6601067

FAQs

What type of property is this?
Medical office - Class A Medical Office, 100% Occupied
Where is this medical office located?
The property is located at 800 Health Services Dr Seaford, DE.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: $1,250,000 asking price for a stabilized Class A medical office building.; 4,800 square feet, located in Seaford, DE's medical corridor.; 100% occupancy with a national medical tenant under a NNN lease.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message