UPMC OUTPATIENT CENTER

TOLEDO CLINIC CANCER CENTER

Two

PURPOSE-BUILT MOBS

108,516 SF

TOTAL SIZE

4.8 Years

AVERAGE AGE

100.0%

LEASED

13.0 Years

WALT

$3.55M

NOI

50.0%

HEALTH SYSTEM / IG %

Fee Simple

FEE SIMPLE / LEASEHOLD

The Offering

Berkadia Medical & Life Sciences is pleased to offer the UPMC & Toledo Clinic Portfolio, two Class A outpatient medical properties totaling 108,516 square feet. Located in Hanover, Pennsylvania and Maumee, Ohio, the portfolio is 100.0% NNN leased and generates $3.55 million of year one net operating income with a blended weighted average lease term of 13.0 years.

The portfolio includes the UPMC Outpatient Center, a 43,200-square-foot, single-tenant outpatient facility in Hanover, Pennsylvania, fully leased to UPMC Pinnacle, part of the broader UPMC health system (Fitch: ‘A’). Built in 2020, the property supports a range of outpatient specialties including imaging, cardiology, rehabilitation, primary care, and rotating specialty services. The second asset, The Toledo Clinic Cancer Center, is a 65,316-square-foot outpatient cancer and imaging center in Maumee, Ohio, built in 2022 and fully leased to The Toledo Clinic and Karmanos Cancer Institute, a wholly owned subsidiary of McLaren Health Care (Fitch: ‘AA-‘). The facility is equipped to support specialized services including nuclear imaging, radiation oncology, Linear Accelerator (LinAc) treatment, MRI, CT, and X-ray.

Together, the properties offer investors durable cash flow backed by institutional-quality healthcare tenancy, modern construction, and essential outpatient medical services in attractive suburban markets. The combination of long-term leases, strong credit tenancy, and specialized medical infrastructure provides stable income with no near-term rollover.

Investment Highlights

01

DURABLE CASH FLOW BACKED BY ESTABLISHED OPERATORS

02

LONG-TERM LEASE DURATION WITH NO NEAR-TERM ROLLOVER

03

INSTITUTIONAL-QUALITY CLASS A OUTPATIENT MEDICAL ASSETS

04

SPECIALIZED MEDICAL BUILDOUT SUPPORTING LONG-TERM TENANCY

05

MISSION-CRITICAL OUTPATIENT LOCATIONS ADJACENT TO KEY REFERRAL DRIVERS

06

ATTRACTIVE SUBURBAN LOCATIONS WITH STRONG DEMOGRAPHIC PROFILES

07

FUTURE EXPANSION POTENTIAL AT UPMC OUTPATIENT CENTER

08

OPPORTUNITY TO ASSUME IN-PLACE FINANCING

UPMC OUTPATIENT CENTER

TOLEDO CLINIC CANCER CENTER

Property Details


TOLEDO CLINIC CANCER CENTER
UPMC OUTPATIENT CENTER
Address
1200 Medical Center Parkway, Maumee, OH
2201 Brunswick Drive, Hanover, PA
YEAR BUILT
2022
2020
SQUARE FEET
65,316
43,200
% OF PORTFOLIO SF
60.2%
39.8%
LEASED %
100.0%
100.0%
YEAR 1 NOI
$2.19M
$1.36M
WALT
15.7 Years
9.0 Years
ESCALATIONS
2.0%
4.0% Every Other Year
HEALTH SYSTEM / IG TENANCY
McLaren Health Care (Fitch: ‘AA-’)
UPMC (Fitch: ‘A’)
HEALTH SYSTEM / IG OCC. %
16.5%
100.0%

Berkadia Medical & Life Sciences

INVESTMENT ADVISORS

Chris Lashmet
Managing Director
847.209.0425
IL DRE #475196617
[email protected]

Sabrina Solomiany
Senior Managing Director
404.536.5054
GA DRE #361808
[email protected]

 Eric Lee
Managing Director
763.226.8563
IL DRE #475194860
[email protected]

Vasili Davos
Managing Director
214.360.3858
TX DRE #778826
[email protected]

Jordyn Kelly
Vice President
303.689.8340
CO DRE #100095458
[email protected]

Kyle Saifi
Senior Financial Analyst
214.360.3846
[email protected]

MORTGAGE BANKING

Mike Rogers
Managing Director
312.914.8374
[email protected]

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