Listed by Whitney Commercial Real Estate
$2,140,000
7 Mcdowell St Unit 100 & 300
Details
APN 9648360035
Property Type Office
Sub Type Medical Office
Square Footage 6,410
Units 2
Cap Rate 6.94%
NOI $148,552
Occupancy 100%
Tenancy Single
Lease Type NNN
Price per SqFt $334
Class B
Year Built 1979
Year Renovated 2024
Buildings 1
Stories 1
Acreage 1.117
Zoning OB
Ownership Condo
Medical Office Condo Investment Opportunity
Marketing description
Medical office condo opportunity; featuring the sale of two units (100 & 300) with a combined square footage of 6,410. Part of the 7 McDowell Street Condominiums, were constructed in 1979 on 1.117 acres. The building has recently undergone upgrades, including a new roof, a resurfaced asphalt parking lot. Also, the tenant, Labcorp, has recently renovated the interior. LabCorp is a great national tenant who has been there long-term. The property is in a centralized location, within view of Mission Hospital, and presents a compelling investment opportunity.
Listing Contacts
Listed by Whitney Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$148,552.00
$12,379.33/mo
Valuation Metrics
0
DSCR
6.94%
Cap Rate
6.94%
ROI
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