Listed by Ayers Commercial Group
$2,150,000
Colby Ave Medical Office
Details
APN 00439173701200
Property Type Office
Sub Type Traditional Office, Investment
Square Footage 12,028
Cap Rate 7.11%
NOI $152,875
Occupancy 91.35%
Lease Type NNN
Price per SqFt $179
Investment Type Owner/User
Office | 7.11% CAP | 12,028 SqFt
Marketing description
Anchored by Western Washington Medical Group, the building is 56% occupied by medical tenants, including 35% occupied by dentists. The offering provides flexibility for both owner-users or investors.
• An owner-user can occupy a portion of the building and offset expenses with rental income from the remaining suites . • Medical office investors will benefit from the strong tenant base and upside potential through lease-up.
Listing Contacts
Listed by Ayers Commercial Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$152,875.00
$12,739.58/mo
Valuation Metrics
0
DSCR
7.11%
Cap Rate
7.11%
ROI
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