Akron, OH

Medical Office Redevelopment - Denovo Rollout

999 N. Main Street | Akron, OH

  • Property Type

    Behavioral Health Clinic

  • Size

    5,645 Square Feet

  • Key Tenants

    Brightview Health

  • Date Closed

    April 2018

  • Transaction Value

    $2,000,000

THE ASSET

  • Former orthopedic and physical therapy office located just north of downtown Akron’s CBD. This building was strategically targeted because it met the criteria for our tenant, Brightview Health.

THE OPPORTUNITY

  • Acquire a vacant medical office facility in a strong medical sub-market with close proximity to regional health systems and the residential population our tenant was trying to serve.
  • Create value through the redevelopment of the asset to our tenant’s specifications.

THE RESULT

  • Through close coordination with the tenant and our general contractor, we were able to reposition the building for the tenant’s use as a clinical and behavioral health facility.
  • Successfully value engineered the tenant improvements to utilize existing building services and exam rooms to remain within our tenant’s occupancy budget.
  • Sold the asset to a private investor in December 2019.