2698 North Galloway
Office | 17,901 SqFt
Marketing description
Marcus & Millichap Real Estate Investment Services is pleased to offer for sale a fee simple ownership interest in 2698 N Galloway Avenue. The property is currently 87 percent occupied by medical tenants and producing a substantial net operating income, along with a vacant space to increase revenue for the savvy investor. The offering includes 2,200 square feet are available for a buyer wishing to occupy the space and receive rental income from surrounding tenants.
The subject property was built in 2003 for medical office use. The office building contains a total of 17,901 square feet of rentable space. The property is priced well below replacement cost and situated minutes 635 Highway. The property is surrounded by mature neighborhoods and is within a short drive to Town East Mall and Towne Centre Village.
This unique investment opportunity will be attractive to both the investor buyer and owner/user buyer. The seller would also a consider a lease option for the remaining 2,200 square feet.
Investment highlights
- Priced Below Replacement Cost
- Staggard Lease Expiration
- High Historical Occupancy
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