Fully Leased - Medical/Office Investment Sale | 701 E Roosevelt Blvd
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Fully Leased - Medical/Office Investment Sale 701 E Roosevelt Blvd
6,524 SF 100% Leased Office Building Monroe, NC 28112 $1,625,202 ($249/SF) 6.50% Cap Rate
Executive Summary
Fully Leased Medical Office building For Sale.
3 tenants, 2 of which are brand new 5 year leases - both undergoing renovation for the new leases.
Ideal for an investor being located in an Opportunity Zone. Please see flyer for more info on Opportunity Zones.
Suite A is leased to Pinnacle Dermatology. Suite B is leased to Cardinal Hospice Care and Suite C is leased to Richardson Counseling. Suite B and Suite C are both brand new 5 year leases. This property is located in an existing medical park directly across Hwy 74 from Atrium Hospital Monroe.
3 tenants, 2 of which are brand new 5 year leases - both undergoing renovation for the new leases.
Ideal for an investor being located in an Opportunity Zone. Please see flyer for more info on Opportunity Zones.
Suite A is leased to Pinnacle Dermatology. Suite B is leased to Cardinal Hospice Care and Suite C is leased to Richardson Counseling. Suite B and Suite C are both brand new 5 year leases. This property is located in an existing medical park directly across Hwy 74 from Atrium Hospital Monroe.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,524 SF
Building Class
B
Year Built
1989
Price
$1,625,202
Price Per SF
$249
Cap Rate
6.50%
NOI
$105,638
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,524 SF
Building FAR
0.15
Lot Size
1.01 AC
Opportunity Zone
Yes
Parking
40 Spaces (6.13 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 09-156-015-B | Improvements Assessment | $554,900 |
| Land Assessment | $195,000 | Total Assessment | $749,900 |
PROPERTY TAXES
Parcel Number
09-156-015-B
Land Assessment
$195,000
Improvements Assessment
$554,900
Total Assessment
$749,900
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Fully Leased - Medical/Office Investment Sale | 701 E Roosevelt Blvd
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