Listed by Driggers Commercial Group Inc
$2,100,000
110 Office Park Lane, St. Simons Island, GA 31522-6601
Details
APN 04-13631
Property Type Office
Sub Type Traditional Office, Medical Office
Square Footage 4,240
Net Rentable (SqFt) 4,240
Occupancy 100%
Lease Type Modified
Lease Term 10
Lease Expiration 08/31/2033
Remaining Term 7.3
Rent Bumps Yes
Lease Options 2- 5Yr
Price per SqFt $495
Class A
Year Built 2005
Lot Size (SqFt) 16,045
Zoning C1
Investment Type Stabilized
Tenant Credit Corporate Guarantee
Lease Commencement 09/11/2023
Class "A" Professional Office in St Simons
Investment highlights
Great Investor opportunity! Approximately 4,240 SF office condominium unit. Current office configuration includes reception/waiting areas, admin/business office, conference room, 3 operatory rooms, 4 consult rooms, sterilization area, storage, break room, nurse/tech areas, 3 half baths, laundry and doctor office.
Space is currently leased until 8/31/2033 to medical office tenant with two 5-year options. Lease rate is favorable with 3% per year escalations. Modified gross lease with tenant responsible for interior cleaning, minor repairs, all utilities, and trash collection. Contact broker for further lease information.
Listing Contacts
Listed by Driggers Commercial Group Inc
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Is there information that looks off?
