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Multi-Tenant Professional / Medical Office Bu 1101-1109 Electric Rd 5,163 SF 100% Leased Office Building Salem, VA 24153 $995,000 ($192.72/SF) 6.12% Cap Rate
Investment Highlights
- 5,163 SF Multi-Tenant Professional Office Building
- Stable In-Place Income With Future Rent Growth
- Built in 2004 With Modern Construction
- Medical & Professional Office Use
- Located Along Electric Road Commercial Corridor
- Stable In-Place Income With Future Rent Growth
Executive Summary
Constructed in 2004 and situated on approximately ±0.62 acres, the property features two office suites designed to accommodate professional and medical office users. The building offers modern construction, efficient layouts, ample natural light, and dedicated on-site parking for tenants and visitors.
Currently leased to two established professional tenants, including a medical office user, the property provides consistent in-place income while offering future rental growth potential as leases roll to market rates. Its location along Electric Road places it within close proximity to retail centers, restaurants, and major transportation routes connecting Salem and the greater Roanoke Valley.
Property Facts
Amenities
- Wheelchair Accessible
- Kitchen
- Central Heating
- Natural Light
- Drop Ceiling
- Monument Signage
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Innovative Community Solutions
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$9.99
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Lorem Ipsum
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Jan 0000
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- Finance and Insurance
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- -
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Lorem Ipsum
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Jan 0000
Just a few of the insurance agencies that are part of Trustpoint Insurance heritage, include Clinch Valley Insurance Agency in Richlands, Associated Insurance in Bristol, Logan Insurance Agency in Salem and Short Insurance Associates in Charlottesville. In 2009 Carl Greear merged his employee benefits insurance business with Trustpoint to create Trustpoint Benefits and Compensation Compliance which serves the health insurance and other group benefit needs of its clients. Carl serves as the practice leader over Trustpoint’s benefit operations. In 2011 Bradley Robertson joined Trustpoint with his general insurance business and serves as the branch leader of Trustpoint’s Bristol office. The legacies set forth by former family owned agencies have inspired the current leadership of Trustpoint Insurance to continue that same commitment to the communities in which they are located.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Innovative Community Solutions | - | - | $9.99 | Lorem Ipsum | Jan 0000 | |
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Finance and Insurance | - | - | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Number | 221-1-4.1 | Improvements Assessment | $423,000 |
| Land Assessment | $185,900 | Total Assessment | $608,900 |
Property Taxes
Presented by
Multi-Tenant Professional / Medical Office Bu | 1101-1109 Electric Rd
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