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6201 Greenbelt RdCollege Park, MD 20740
Premier Medical Center
Asset ClassHealthcare Facility, Office
Multi-tenant medical outpatient complex
overview of deal

Overview

Avison Young, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in Premier Medical Center, a 46,665-square-foot medical office campus located at 6201 Greenbelt Road in College Park, Maryland. The Property is 87% leased to a diverse roster of 26 tenants spanning behavioral health, physical therapy, oral surgery, diagnostic services, primary care, and specialty medicine, with a tenant base averaging over a decade of occupancy at the Property. Premier Medical Center is positioned at a signalized intersection on Greenbelt Road directly across from the 900,000-square-foot Beltway Plaza Mall, less than one mile from the Capital Beltway (I-95/495), and within close proximity to Luminis Health Doctors Community Medical Center, University of Maryland Capital Region Medical Center, and Kaiser Permanente Largo Medical Center. An investor will find stable in-place cash flow, meaningful near-term leasing momentum across the vacant suites, and a retail-like location that has consistently attracted and retained neighborhood healthcare users for over 50 years.

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Investment Highlights

  • 87% Leased medical office campus with stable in-place cash flow and active leasing momentum across vacant suites
  • Retail-like location directly across from the 900,000 SF Beltway Plaza Mall with over 50,000 vehicle trips per day along Greenbelt Road
  • Diverse rent roll of 26 healthcare tenants with a weighted average tenant tenure of 14.5 years, reflecting the Property’s longstanding position as a neighborhood outpatient destination
  • Small, efficient suites with virtually no core factor and dense clinical buildout, all tenants separately metered for electric and HVAC
  • Established neighborhood outpatient destination located less than one mile from the Capital Beltway (I-95/495)
  • 156 surface parking spaces (3.34/1,000 SF) with direct access from Greenbelt Road and 62nd Avenue
  • Proximity to Luminis Health Doctors Community Medical Center, University of Maryland Capital Region Medical Center, and Kaiser Permanente Largo Medical Center
  • Capital-light leasing profile (weighted average tenant improvement spend across the existing tenancy’s most recent lease terms is approximately $10 PSF)
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6201 Greenbelt RdCollege Park, MD 20740

Sales Team

Joe FrenchVice President, U.S. Capital Markets Group(413) 834-3163joe.french@avisonyoung.com
Jim KornickPrincipal, Co-leader US Healthcare Investment Sales(202) 644-8681jim.kornick@avisonyoung.com
Connor WrightsonLeasing, Vice President443 602 6655connor.wrightson@avisonyoung.com
Chuck KusbitLeasing, Principal3019805008chuck.kusbit@avisonyoung.com
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