KW Commercial is proud to present 795 Fox Chase in Coatesville, PA. The property consists of an 8,000sf one-story building sitting on approximately 3 acres.
The tenant is subject to a Single Tenant Medical Net Lease. Lease expires 9/30/20207 with a history of exercising the option to renew early. The tenant has been at the property since 2009 and has executed two renewals early.
The tenant is Laurens House, a loving, caring Center for Special Needs Children. Lauren’s House is a licensed Prescribed Pediatric Extended Care Center (PPECC) by the Commonwealth of Pennsylvania. Currently, they have three locations in Pennsylvania, including Coatesville, Philadelphia, and Delaware County, and a total of 21 locations nationwide.
Pediatric Health Choice is a family of companies carefully engineered and dedicated to Pediatric Health Care. Currently based in Florida, Pennsylvania, Louisiana, Mississippi, and Delaware, they offer a wide range of quality-oriented, comprehensive, specialized, and cost-effective community-based pediatric health care disciplines. They are the premier provider of alternative-site health care services for medically complex, technology-dependent, and behaviorally challenged children.
Over twenty-five years ago, they pioneered an innovative, child-focused, and family-oriented service delivery model for pediatric health care that has subsequently been adopted throughout the United States today. Presently, they are the largest operator of Ambulatory Medical Day Health Centers in the country. Within our family of companies, we are certified by Medicaid and fully licensed by state regulatory agencies.
The medical day health center is an integrated, multi-faceted service delivery model where special needs for ages 1 to 13 are afforded physician prescribed services including nursing, therapy, and special education in a socially appropriate, developmentally stimulating, and medically safe environment.
795 Fox Chase, Coatesville PA 19320
Building size: 8,000sf
Asking Price: $2,370,000
Price psf $293.75
About
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Medical Office
Net Lease
B
NET
Corporate Guarantee
18.5 years
03/20/2009
09/30/2027
7.1 year
7.03%
$166,510
2% Annually
Yes - 1, 5 year option
Fee Simple
Highlights
The largest operator of Ambulatory Medical Day Health Centers in the country
Long Term Tenant - Commenced in 2009, History or Early Renewals - Lease expires 9/30/20207
COVID Proof Investment - All rental payments on time and up to date
Parking, loading docks, excess land
The corporate park retains a strong history of full occupancy
Tenant responsibilities: Property Taxes, Insurance, Condo Association Fees, Annual Roof Inspections, Janitorial, Landscaping, Snow Removal, HVAC Service, Fire Alarm, Sprinkler Systems, Outside Play Area, Signage, Water, Sewer, Trash, Gas, Electric, Telecomm, Alarm and Security Services, General Building Maintenance, Management
Landlord responsibilities: Landlord Operating Expenses: Foundation, Exterior Walls, Structure, Embedded Plumbing or Electric Lines, Roof, Driveways, Downspouts, Exterior Windows, HVAC (Major Repairs)
