1664 Pond Fork Rd - Office FOR SALE


Madison, WV 25130
$1,260,678 USD
216-264-2060
1664 Pond Fork Rd, Madison, WV for Sale
$1,260,678 USD
Office - FOR SALE
1/4
null | Request Cap Rate

1664 Pond Fork Rd
Madison, WV 25130


HIGHLIGHTS

  • New 10 Year (8 Firm) Lease Renewal Commenced in June 2022 | GSA Lease (U.S. Government credit, AA+ S&P) – Mine Safety and Health Administration (MSHA)
  • $60,000 Recently Invested for New Roof Coating, New HVAC Units, New PVC Gutter Drains, All LED Lighting and an Electronic Door Lock
  • GSA Invested Over $163,000 in Tenant Improvements For Paint and Carpet Upgrades in 2022
  • 2022 Restroom Renovations, Roof Repairs & Replaced an HVAC Unit
  • Strong Fit for Renewal & 10(8) Lease Allowed GSA to Accept This via AAAP, Expediting Procurement & Avoiding GSA’s Typical Ad & Survey LeaseAcquisition
  • ADA Approved Facility

OVERVIEW

*Pricing Includes $45,396 of Remaining Tenant Improvement Money. That $103,299 NOI at an 8.50% cap = $1,215,282 + $45,396 in T.I. = $1,260,678. List Price

FOR SALE DETAILS

PRICE

$1,260,678 USD

PRICE/SF

$134 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

13.98 AC

LAND SF

608,969 SF

ZONING

Commercial

APN/PARCEL ID

01-3-00530006

ASK ABOUT THIS PROPERTY

Grant FitzgeraldMarcus & MillichapMore Info
216-264-2060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Grant FitzgeraldMarcus & MillichapMore Info
216-264-2060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.