$1,030,000
2008 Ocean Avenue
Details
Property Type Special Purpose
Sub Type Other
Square Footage 3,502
Units 1
Cap Rate 0.07%
NOI $68,000
Lot Size (SqFt) 5,000
Ceiling Height 11-15 Foot,8-10 Foot
Special Purpose | 0.07% CAP | 3,502 SF
Marketing description
3502 Square Foot First and Lower Level Community Facility, (Built 2014)
• 1 deeded parking spot included in the price,
• The Lease is $6000 per month guaranteed by the well established medical center ( Medwell Women's Medical Services )
• Lease is 5 years plus 5 years option to renew with 3% increase every year.
• Maintenance paid by the tenant and there is still tax abatement in effect.
• State-Of-The-Art Medical Facility with 12 exam rooms and 5 bathrooms.
• Elevator.
• Central AC and Central Heat,
• Located at the Base of the Mixed Residential and Commercial Building Condo with 17 residential apartments.
• Bus Stop Within Feet of the Subject Property
• An Entrance to the B & Q Subway Lines on Kings Hwy is Within 3 blocks of the Subject Property
• Chase, Starbucks, Walgreens, Bank of America, CVS, Dunkin' and Other National Tenants are in the
Immediate Vicinity
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$68,000.00
$5,666.67/mo
Valuation Metrics
0
DSCR
6.6%
Cap Rate
6.6%
ROI
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