6 Canyon Rd - Loft/Creative Space FOR SALE


Morgantown, WV 26508
$5,400,000 USD
6 Canyon Rd, Morgantown, WV for Sale
$5,400,000 USD
Loft/Creative Space - FOR SALE
1/70
null | 7.15% Cap Rate

6 Canyon Rd
Morgantown, WV 26508


HIGHLIGHTS

  • 100% Leased (WVU Medicine / Omnia Medical)
  • 36 Off Street Parking Spaces
  • Excellent Interstate Visibility
  • Located in the highly regarded Cheat Lake area of Morgantown, WV
  • Strong Medical, Academic, and Economic Markets
  • Class A Office Building

OVERVIEW

Black Diamond Realty is pleased to present 6, 8, 10 Canyon Road, a 100% leased, professional/Medical Class A office investment. The property includes 17,330 (+/-) square feet on 0.955 (+/-) acre fronting I-79. Investment Highlights: Investment-Grade Tenant: WVU Medicine (S&P: ‘AA/A-1’ and ‘AA+/A-1’) • Occupies 26% of Property • Lease Commencement: March 1, 2014 • Lease Term Remaining: 2.5+ Years and 5-Yr Renewal with CPI Increase • Lease Type: NN • Healthy Minds Counseling Office Long-Term Creditworthy Tenant: Omnia Medical • Occupies 74% of Property • Lease Commencement: June 1, 2018 • Lease Term Remaining: 10+ Years Remaining and Two 5-Yr Renewals with CPI Increases • Lease Type: Modified Gross • Limited Personal Guarantees by Co-Owners • Invested significant capital in tenant improvements to the property. • Medical Implant Headquarters (Corporate Office, Testing, Clean Room, Printing/Packaging/Shipping) Other Highlights: • Excellent I-68 Interstate Visibility • Located in the highly regarded Cheat Lake area of Morgantown, WV • Strong Medical, Academic, and Economic Markets • Near West Virginia University, J.W. Ruby Memorial Hospital (WVU Medicine), Mon Health, Uniontown Hospital (WVU Medicine) & UPMC • Amenities: Backup Power Generators • Utilities: 3-phase electric, natural gas, public water/sewer

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$396 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Professional/Medical Office Investment

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

No Zoning

APN/PARCEL ID

18-20-00270005,18-20-01310000

ASK ABOUT THIS PROPERTY

Mark Nesselroad, Esq, MBABlack Diamond RealtyMore Info

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Mark Nesselroad, Esq, MBABlack Diamond RealtyMore Info

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