Listed by Mark Dinan Commercial & Investment Real Estate
$1,700,000
Value Add Medical Investment Property for Sale
Details
Property Type Office
Sub Type Medical Office
Square Footage 10,060
Net Rentable (SqFt) 10,060
Units 4
Occupancy 25%
Tenancy Multi
Lease Type Modified
Lease Term 8.8
Lease Expiration 12/31/2032
Remaining Term 6.6
Rent Bumps Yes
Pro-Forma Cap Rate 13.24%
Pro-Forma NOI $225,000
Class B
Year Renovated 2022
Buildings 1
Stories 2
Acreage 10060.000
Zoning B-3
Parking Spaces 40 spaces
Parking Per SqFt 3.98
Investment Type Value Add
Lease Commencement 04/01/2024
Occupancy Date 09/01/2025
Ownership Fee Simple
Sale Condition For sale by owner
Value Add Medical Investment next to Shelby County's Largest Hospital
Marketing description
Ideal for Medical Owner / User / Investor.
7,410 Sq. Ft. Available for Immediate Occupancy
2,650 Sq. Ft. Leased until December 31, 2032 at $5,000 per month.
ProForma Gross Income: $223,020 / YEAR.
Property Taxes: $14,377 per year.
30,000 +,- Sq. Ft. Lot.
New Roof 2022.
Updated HVAC.
40 Parking Spaces
Prominent location with Monument Sign
Walk across street to the Medical Center Entrance.
Traffic light allows easy access from Highway 31.
Abundance of shopping and restaurants nearby.
Level Parking Area offers easy front door parking.
Over 345,000 residents located within 5 miles.
Value add, high growth, low risk opportunity.
Investment highlights
Listing Contacts
Listed by Mark Dinan Commercial & Investment Real Estate
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