Marcus & Millichap closes sale of Oxford Medical Arts Building in Dover, Ohio for $3.54M. The 34,658 SF, four-story medical office property features 87.83% occupancy with six medical tenants on Triple-Net leases. Property sits on 5+ acres with 170+ parking spaces. Recent $1.5M tenant capital improvements.
Marcus & Millichap has completed the sale of the Oxford Medical Arts Building, a 34,658 square foot medical office property in Dover, Ohio, for $3.54 million, or $127 per square foot. The four-story facility is situated on more than five acres and provides over 170 parking spaces, elevators and modern medical infrastructure.
The property demonstrates strong tenant commitment with 87.83 percent occupancy and all six medical tenants extending their leases since 2023. The diverse, credit-oriented tenant base includes OrthoUnited, Trinity Hospital, Retina Associates of Cleveland and Aultman Hospital. The building features Triple-Net lease structures that minimize landlord responsibilities.
Recent tenant reinvestment includes $1.5 million in capital improvements by the anchor tenant, supporting the property’s position as a functional long-term healthcare investment. Christopher Mitchel, Ryan Moore and William Skoch of Marcus & Millichap represented the transaction.