Medical Office Building For Sale | 155 Airport Rd
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Medical Office Building For Sale 155 Airport Rd
5,437 SF Office Building Fitchburg, MA 01420 $2,095,000 ($385/SF) 7.67% Cap Rate
Executive Summary
Whether you are a seasoned investor looking to add to your portfolio, or you are looking for a great foundational piece to your business, this is the opportunity for you! The building consists of over 5000Sq ft of office/medical space, currently occupied by a medical facility, with a lease running through the end of 2031. Cap rate is 7%. Lease payments increase by 2.5% each year, increasing NOI. New parking lot 2018. New Roof. Tenant about to undertake considerable upgrades to the interior with a renovation at their expense. Floor plans attached. Reach out for additional info!
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,437 SF
Building Class
C
Year Built/Renovated
1920/2005
Price
$2,095,000
Price Per SF
$385
Cap Rate
7.67%
NOI
$160,650
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,561 SF
Slab To Slab
10’
Building FAR
0.15
Lot Size
0.82 AC
Zoning
I
Parking
25 Spaces (4.59 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $287,400 | |
| Land Assessment | $211,400 | Total Assessment | $498,800 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$211,400
Improvements Assessment
$287,400
Total Assessment
$498,800
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Medical Office Building For Sale | 155 Airport Rd
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