$77.5 Million Non-Performing Office Loan
US - Washington, DC
IDR 1,165,244,833,000 | 28,508 m²
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in the Pinnacle Treatment Center (“Pinnacle”) located in Brilliant, Ohio.
Pinnacle Treatment Centers is one of the nation’s leading providers of high-quality alcohol and substance abuse services, treating over 33,000 people daily and offering a wide variety of substance treatment options both in-house and as part of their outpatient treatment services. Over the last two years, Pinnacle has seen their service facility count grow by 31% with a strong commitment to grow its existing programs and open new locations in new and existing markets.
The subject Property is 100% leased to Pinnacle Treatment Centers with just over 2.5 years of lease term remaining and three, five-year renewal options, providing investors with a growing income stream with 2% annual increases from one of the largest substance treatment providers in the country.