Listed by Adams Cameron & Co. REALTORS
$1,637,000
1667 N Clyde Morris Boulevard
Details
APN 5203-02-00-0050
Property Type Business for Sale, Office
Sub Type Business Only, Traditional Office
Square Footage 4,419
Net Rentable (SqFt) 4,419
Units 2
Cap Rate 6.22%
NOI $101,816
Occupancy 100%
Tenancy Multi
Lease Type NN+
Lease Term 10
Lease Expiration 09/01/2031
Remaining Term 5.2
Price per SqFt $370
Class A
Year Built 2006
Buildings 1
Stories 1
Acreage 0.210
Parking Spaces spaces
Investment Type Net Lease
Lease Commencement 09/01/2021
Ground Lease No
Introducing a prime medical office building in the heart of a booming development corridor, just mi
Marketing description
Introducing a prime medical office building in the heart of a booming development corridor, just minutes from I-95. With a total of 4,419 square feet, this versatile property is currently fully leased in two distinct suites, offering immediate rental income. The layout presents an excellent opportunity for an owner/user: occupy one suite while continuing to rent the other, maximizing your investment potential. Ideally located near hospitals, shopping, residences, and set in a dynamic growth area, this building is a strategic choice for any medical professional or investor. Don't miss this unique blend of stability and flexibility in a highly sought-after location.
Investment highlights
Well maintained property featuring two tenant occupied units. Unit 1 is secured with a long term lease in place through 2031, providing stable income. Unit 2’s lease expires October 31, 2026 and is currently under negotiation, offering flexibility for an investor or potential owner-user opportunity. NN+ lease structures help minimize landlord responsibilities, with low maintenance expenses totaling less than $7,000 in 2025.
Listing Contacts
Listed by Adams Cameron & Co. REALTORS
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$101,816.00
$8,484.67/mo
Valuation Metrics
0
DSCR
6.22%
Cap Rate
6.22%
ROI
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