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106 Nate Whipple Hwy
Cumberland, RI 02864
Cumberland Medical Center · Office Property For Sale
Investment Highlights
- 2% Annual Increases Throughout the Building
- 100% Occupied Medical Building
- All Tenants Are Internet, Recession and Pandemic Proof
- Average Lease Term Remaining is Over 4 Years, Assuring No Upcoming Vacancies
- Building is Below Replacement Costs
- Walgreens Occupies 65% of the Building With a Lease That Extends Through November of 2026
Property Facts
Property Type
Building Size
15,596 SF
Building Class
C
Year Built
1973
Percent Leased
91%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,798 SF
Slab To Slab
10’
Building FAR
0.24
Lot Size
1.51 AC
Zoning
C-1 - Commercial C-1
Parking
64 Spaces (4.1 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | CUMB-000045-000096-000000 | Improvements Assessment | $1,338,200 |
| Land Assessment | $256,700 | Total Assessment | $1,594,900 |
Property Taxes
Parcel Number
CUMB-000045-000096-000000
Land Assessment
$256,700
Improvements Assessment
$1,338,200
Total Assessment
$1,594,900
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