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3683 Ohio River Rd

5,508 SF Office Building Point Pleasant, WV 25550 $1,888,195 CAD ($342.81 CAD/SF) 6.75% Cap Rate

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INVESTMENT HIGHLIGHTS

Building is near the new Nucor site

EXECUTIVE SUMMARY

Tenant has vacated the building but is committed through 8/31/28 with 2% rent increases and is NN lease. Owner is responsible for the structure and the parking lot, tenant cover all other expenses. The annual increases are as follows:
9/1/22-8/31/23 is $88,740.00
9/1/23-8/31/24 is $90,514.80
9/1/24-8/31/25 is $92,325.10
9/1/25-8/31/26 is $94,171.60
9/1/26-8/31/27 is $96,055.03
9/1/27-8/31/28 is $97,976.13

FINANCIAL SUMMARY (ACTUAL - 2022)	ANNUAL (CAD)	ANNUAL PER SF (CAD)
Gross Rental Income	$127,421	$23.13
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$127,421	$23.13
Net Operating Income	-	-

FINANCIAL SUMMARY (ACTUAL - 2022)

Gross Rental Income (CAD)
Annual	$127,421
Annual Per SF	$23.13

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	$127,421
Annual Per SF	$23.13

Net Operating Income (CAD)
Annual	-
Annual Per SF	-

PROPERTY FACTS

Sale Type

Investment or Owner User

Property Type

Office

Property Subtype

Medical

Building Size

5,508 SF

Building Class

Year Built

2007

Price

$1,888,195 CAD

Price Per SF

$342.81 CAD

Cap Rate

6.75%

NOI

$127,421 CAD

Tenancy

Single

Building Height

1 Story

Typical Floor Size

5,508 SF

Building FAR

0.10

Lot Size

1.21 AC

Zoning

Parking

39 Spaces (7.08 Spaces per 1,000 SF Leased)

AMENITIES

24 Hour Access
Security System

Central Heating

Plug & Play

Air Conditioning

MAJOR TENANTS

Health Care and Social Assistance
5,508 SF
$21.69 CAD
Net
Aug 2028

At DaVita, they are driven to deliver differential, equitable and holistic care to their patients throughout their entire kidney disease journey. DaVita is guided by its Mission—to become the provider, partner and employer of choice—and a set of Core Values—Service Excellence, Integrity, Team, Continuous Improvement, Accountability, Fulfillment and Fun—which are reinforced at all levels of the organization. They are committed to strong corporate governance policies and practices, as well as compliance with federal and state laws.