Fully Leased Investment Sale | 701 E Roosevelt Blvd
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Fully Leased Investment Sale 701 E Roosevelt Blvd
6,524 SF 100% Leased Office Building Monroe, NC 28112 $2,311,037 CAD ($354 CAD/SF) 6.50% Cap Rate
Executive Summary
Fully Leased Medical Office building For Sale.
3 tenants, 2 of which are brand new 5 year leases. 2 units undergoing renovation for the new leases.
Ideal for an investor located in an Opportunity Zone. Please see flyer for more info on Opportunity Zones. Suite A is leased to Pinnacle Dermatology. Suite B is leased to Cardinal Hospice Care and Suite C is leased to Richardson Counseling into 2 suites and one has a brand new 5 year lease in place. Property is located in an existing medical park directly across Hwy 74 from Atrium Hospital Monroe.
3 tenants, 2 of which are brand new 5 year leases. 2 units undergoing renovation for the new leases.
Ideal for an investor located in an Opportunity Zone. Please see flyer for more info on Opportunity Zones. Suite A is leased to Pinnacle Dermatology. Suite B is leased to Cardinal Hospice Care and Suite C is leased to Richardson Counseling into 2 suites and one has a brand new 5 year lease in place. Property is located in an existing medical park directly across Hwy 74 from Atrium Hospital Monroe.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,524 SF
Building Class
B
Year Built
1989
Price
$2,311,037 CAD
Price Per SF
$354 CAD
Cap Rate
6.50%
NOI
$150,217 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,524 SF
Building FAR
0.15
Lot Size
1.01 AC
Opportunity Zone
Yes
Parking
40 Spaces (6.13 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 09-156-015-B | Improvements Assessment | $773,891 CAD |
| Land Assessment | $271,957 CAD | Total Assessment | $1,045,848 CAD |
PROPERTY TAXES
Parcel Number
09-156-015-B
Land Assessment
$271,957 CAD
Improvements Assessment
$773,891 CAD
Total Assessment
$1,045,848 CAD
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Fully Leased Investment Sale | 701 E Roosevelt Blvd
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