Medical/Office Mailbox Money. Professionally Managed. Newly Upgraded. Perfect for a 1031 Exchange Buyer
Currently two tenants; however, building was originally designed to be 4 suites and conversion would be easy. Seven years remaining on both leases with two 5 year options to renew. Upgrades for the new tenant include HVAC, flooring, an additional bathroom, upgraded break area, a conference and reception areas and lighting.
The second tenant, approximately 1600 sq.ft.. has been there 3 years already and already exercised a 7 year extension. Space was also updated upon tenant move in.
Both leases are modified gross, with tenants paying for their own utilities. Both leases have annual increases. Pro-forma NOI based on 12 months beginning this November is
All showings need to be scheduled 24 hrs in advance.
PLEASE DO NOT DISTURB TENANTS, 24 HRS
Leases have annual escalations, tenants pay their own utilities.