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390 Robinson Ave, Barberton, OH, 44203

AxessPointe Community Health Centers
$1,697,000

Key Information

Cap Rate
8.25%
$ per SF
$100
Tot. SF
16,836
Year Built
2003
Type
Healthcare
NOI
$140,293

Highlights

  • Federally Qualified Health Center Anchor: AxessPointe Community Health Centers leases more than 12,200 square feet and represents roughly seventy two percent of the net rentable area, operating since February 2014 with a lease through July 2029 and two 5-year extension options.
  • Complementary Healthcare Tenancy and On-Site Pharmacy: Ascent Audiology and Hearing occupies nearly 3,000 square feet, and an AxessPointe branded pharmacy is located within the building, providing comprehensive healthcare services.
  • Clear Value Add Potential: Approximately 1,700 square foot suite is vacant, representing about 10% of the building, with potential to add around thirty thousand dollars of additional annual base rent.
  • Modern Two-Story MOB: Constructed in 2003, the two-story, class B condominium totals approximately 16,836 SF with elevator access and efficient suite configurations for healthcare providers.
  • Strategic Location Near Hospital: Located less than one mile from Summa Health System Barberton Campus, allowing tenants to coordinate care and access a full spectrum of acute and specialty services.
  • Dense Trade Area with Senior Demographics: Five-mile population exceeds 113,000 with an average household income above $60,000, supporting a deep and diverse patient base.
  • Accessible Akron Metro Location: Convenient access to State Route 619 and proximity to Akron and Canton metros, drawing patients from a broad regional trade area.
  • Hedge Against Economic Downturns: Medical office properties have shown resilience with occupancy levels around or above ninety percent and stable rent growth.

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Agents

Broker of Record

Matt Wallace

License # REC.2022007141, BRKP.2024002419 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113