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    FOR SALE
    Medical Office Space

    2600 Glasgow Ave, Newark, DE 19702

    27,120 SF 11.72 ac lot Built 1990
    Entity Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US17-0232099
    Property summary
    AI-generated overview

    This exceptional 109,000+ square foot medical office complex, situated on an expansive 11.72-acre lot in Newark, Delaware, presents a unique investment opportunity. The property, known as Glasgow Medical Center, boasts a prime location just minutes from I-95, ensuring convenient access for both patients and staff. The building features six covered entrances with handicap accessibility, providing ease of access for all. Three elevators efficiently service the multiple tenants within the building. Currently, there are 15,236 square feet of vacant space available, divisible into units ranging from a minimum of 1,475 square feet to a maximum contiguous space of 3,972 square feet. Larger contiguous spaces may be available through combination of units. The property offers ample parking for tenants and visitors, a significant advantage in a high-traffic area. On-site facility management ensures seamless operations and exceptional tenant support. The surrounding area offers a vibrant mix of corporate campuses, shopping, restaurants, and entertainment options, creating a desirable location for medical professionals and their patients. The building enjoys 100% medical occupancy, indicating a strong and stable tenant base. This property is an ideal choice for medical practices seeking a well-maintained, conveniently located, and fully equipped office space.

    Property profile
    Verified
    Property type Medical Office Space
    Use group DENTAL BUILDING
    Year built 1990
    Construction CONCRETE
    Total area 27,120 SF
    Lot 11.72 ac (510,523 SF)
    Zoning code ON
    APN 11-026.00-115
    UPID US17-0232099
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Joseph Thornton, MD Physician Medical Clinic
    • Christiana Hernia Center Medical Clinic
    • Behavioral Health Associates Medical Clinic
    • Marc D. Richman, PhD Physician Medical Clinic
    • Delaware Foot and Ankle Group Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $6.02M
    Comparable Approach Comparable
    $7.17M
    Blend (final) Blend
    $6.60M
    Owner & transaction history
    2600 Glasgow LLC · 10 yrs held
    2600 Glasgow LLC
    since 2016
    4 recorded transactions
    2016
    $1.3M
    2005
    1969
    1969
    Zoning & alternative use
    ON · Newark, DE
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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