Listed by Petra LLC
$750,000
534 N Ridge Investment For Sale
Details
Property Type Office
Sub Type Medical Office
Square Footage 3,718
Net Rentable (SqFt) 3,718
Units 1
Cap Rate 8.31%
NOI $62,297
Occupancy 100%
Tenancy Single
Brand/Tenant First Choice Children's Homecare LP
Lease Type NNN
Lease Term 5
Lease Expiration 10/30/2030
Remaining Term 4.4
Rent Bumps Yes
Pro-Forma Cap Rate 8.31%
Pro-Forma NOI $62,297
Price per SqFt $202
Broker Co-Op Yes
Class B
Year Built 1989
Year Renovated 2021
Buildings 1
Stories 1
Acreage 0.450
Zoning GO
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/31/2025
Occupancy Date 10/30/2022
Office | 8.31% CAP | 3,718 SqFt
Marketing description
Investment Opportunity with new 5 year NNN lease For Sale
Thrive Skilled Pediatric Care has just committed to 5 more years at this location with a new NNN lease.
Tenant improvements underway include fresh paint, flooring, and countertop surfaces throughout.
No deferred maintenance.
Financials available with NDA
Listing Contacts
Listed by Petra LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$62,297.00
$5,191.42/mo
Valuation Metrics
0
DSCR
8.31%
Cap Rate
8.31%
ROI
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