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SMILE DOCTORS & SPECIALTY1 PARTNERS 201 Van Gundy Dr

6,848 SF 100% Leased Office Building Bryan, OH 43506 $730,952 ($107/SF) 9.75% Cap Rate

Investment Highlights

  • Tenant Investment in Location: Dental support organizations rarely relocate due to high build-out costs and difficulty in retaining the same patients
  • Recent Lease Extension: Smile Doctors acquired the practice in 2023 showing their long-term commitment to the location.
  • Streamlined Expansion: Smile Doctors expands by acquiring existing practices that are already established within the community. This allows them to qu
  • Growing Business Model: In 2017, 7.4% of dental practices were affiliated with a dental support organization. By 2020 this number grew to 10.4%
  • Ideal Investment: This deal has a low barrier to entry for investors because of its attractive price point and high return.
  • Best-in-Class Tenant: Smile Doctors is one of the most sought-after tenants in the Healthcare space, recognized as one of the largest dental companies

Executive Summary

Broker of Record
Matt Wallace
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,848 SF
Building Class
C
Year Built
1984
Price
$730,952
Price Per SF
$107
Cap Rate
9.75%
NOI
$71,268
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
6,848 SF
Building FAR
0.32
Lot Size
0.50 AC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
063-180-03-007.000
Land Assessment
$11,760
Improvements Assessment
$72,630
Total Assessment
$84,390
  • Listing ID: 33760840

  • Date on Market: 11/5/2024

  • Last Updated:

  • Address: 201 Van Gundy Dr, Bryan, OH 43506

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