Listed by SER Commercial Real Estate
$1,568,467
Single Tenant Leased Medical Condo
Details
Property Type Office
Sub Type Medical Office
Square Footage 6,067
Cap Rate 7.7%
NOI $120,739
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 6
Lease Expiration 08/31/2028
Remaining Term 2.2
Rent Bumps Yes
Lease Options 2
Price per SqFt $259
Class A
Investment Type Net Lease
Lease Commencement 09/01/2022
Ownership Condo
Office | 7.70% CAP | 6,067 SF
Marketing description
$120,000+ NET Annual Income - Lease option just exercised for an additional 3-year term through August 2028. Lehigh Valley Health Network-Pocono occupies as an imaging center. January 2020 investment into space and equipment upgrades demonstrate continued commitment to location. Mountain Healthcare Center is a 55,000SF medical arts building containing 17 medical use condos. Other occupants include: Additional LVHN offices, dialysis, orthopedics and Pocono Eye. Suite #101 is located near main entrance on the first floor and is the largest single unit in the building. Contact for lease details. 2021 common upgrades, included parking lot resurfacing and building exterior paint.
Listing Contacts
Listed by SER Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$120,739.00
$10,061.58/mo
Valuation Metrics
0
DSCR
7.7%
Cap Rate
7.7%
ROI
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