5,165 sf single story office/medical office building for sale. Adjacent to Seven Hills Hospital and nearby St. Rose Dominican Hospital - Siena Campus. This is a high demand office park with rare vacancies. There are two tenants in the building.
The first tenant (Suite 101 & 111)has been in the building since 2013 and has invested significantly in the space to include a beautiful break room with granite counters, stainless steel appliance package, and designer lighting fixtures and hardware. This suite contains two private bathrooms and a conference room. Their current lease expires in February, 2026 but they have verbally stated they intend to continue leasing for several years to come.
The second tenant (Suite 110) has been in the building since August 2023. Their initial term expires July 31, 2026 and they have two options to extend, each for three years. This suite has full access to two common area bathrooms in the hallway separating the suites. The Tenant is very pleased with their location and have indicated they intend to exercise their lease options to extend and remain in the space for several more years.
The buildings gross income for 2025 is expected to be $126,374.64. The net income for 2025 is expected to be $102,574.16 for a 5.26% cap rate. The buildings gross income for 2026 is expected to be $127,774.08. The net income for 2026 is expected to be $103,259.59 for a 5.30% cap rate. The first tenants lease will expire in February 2026 and they intend to sign a new lease which should further enhance the cap rate.
Overall, this is an excellent opportunity for an investor looking for a well maintained building with low maintenance tenants that are all around good people!