DISTRESS SALE: Make a CASH offer!
PRICED 5% BELOW RECENT APPRAISAL — $375,250 asking price versus a June 2026 independent appraised value of $395,000.
Owner-User Opportunity: Seller has changed its business model and no longer requires a dedicated physical office location. This creates an opportunity for a qualified medical or dental owner-user to acquire an established office condominium, control its occupancy and build equity rather than continue leasing.
Investment Opportunity: The recent appraisal concluded market base rent of approximately $13.50/SF NNN and modeled stabilized NOI of approximately $31,750 annually. At the current asking price, those appraisal-derived assumptions indicate a stabilized capitalization rate of approximately 8.5% following lease-up to a qualified medical/dental tenant.
Illustrative investment pro forma available from Broker upon request. Projections are estimates only and are not representations of existing rental income or future investment performance.