Pawtucket Medical Center 126 Prospect St Bureau 1 086 m² 100 % Loué À vendre Pawtucket, RI 02860 1 412 895 € (1 300,52 €/m²) Taux de capitalisation 8,08 %

Half the population of Rhode Island can access the Pawtucket Medical Center in less than 20-30 minutes via I-95. The property is located only 3-minutes off I-95, has excellent visibility, high traffic counts on Prospect Street and closest intersections, and ample parking. The convenience and accessibility of this asset are unmatched. Medical service-providing tenants benefit from the presence of regional and national healthcare tenants within a 1 mile radius, a Fresenius Dialysis center across the street, and Care New England's Ambulatory Surgery Centers located less than a quarter mile away.
The large medical tenants and daycare have operated successfully for more than 10 years at this location. Supply constraints in the immediate vicinity for small suites suitable for client-facing, sole-proprietors contributes to this asset's strong occupancy record. Providence and Pawtucket vacancy rates have been below 7% over the past 8 years. The
center has been more than 90% occupied for the past 2 years, with small-suite vacancies filled in less than 60 days. The small suites in particular have historically been advertised only on Craigslist, do not require a leasing broker, and need little to no tenant improvements or move-in concessions.