700 Technology Dr - Hospitals FOR SALE


Charleston, WV 25309- Outer S Charleston/Kanawha City
$11,000,000 USD
304-541-7000
700 Technology Dr, Charleston, WV for Sale
$11,000,000 USD
Hospitals - FOR SALE
1/19
null | 7.5% Cap Rate

700 Technology Dr
Charleston, WV 25309
Outer S Charleston/Kanawha City


HIGHLIGHTS

  • New 10-Year Lease with the U.S. Department of Veterans Affairs-5 Year Firm term

OVERVIEW

Opportunity to acquire a two-building investment property anchored by a U.S. Department of Veterans Affairs Community Based Outpatient Clinic. The VA building is supported by a newly executed 10-year lease with a 5-year firm term and owner-reported NOI of approximately $750,000 annually. A second building on the property is leased to a physician, the State of West Virginia and an accounting firm and generates approximately $75,000 in additional annual NOI, bringing total owner-reported NOI to approximately $825,000 annually.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$610 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Charleston US Veteran Affairs CBOC Clinic

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Hospitals

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

-

APN/PARCEL ID

20-22- 45-0003.0001

ASK ABOUT THIS PROPERTY

Michael Thompson, SIORRealcorp, LLCMore Info
304-541-7000

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Michael Thompson, SIORRealcorp, LLCMore Info
304-541-7000

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