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1113 Healthway Dr
Salisbury, MD 21804
Office Property For Sale
Investment Highlights
- Major tenants include Perdue and Coastal Hospice
Executive Summary
Fully leased two story building right off Rt. 50. Stabilized asset with strong in-place cash flow and minimal capex. Perfect for 1031 or Investor. Zoned Light Business and Institutional and is located in an Opportunity Zone in downtown Salisbury. Triple A tenants include Purdue which takes the entire second floor. Coastal Hospice and a dermatologist occupy the first floor. All leases are long term with options and are NNN. Leases will be disclosed with a signed NDA
Over 100 parking spaces and elevator access. Two entry/exits.
Top of the line VRF HVAC system installed in 2016.Cementious siding, All exterior trim is composite. LED lighting throughout. conference rooms, numerous private offices, break room, and two sets of his/hers restrooms on each floor.
This building is priced to sell at a 8% cap rate.
Over 100 parking spaces and elevator access. Two entry/exits.
Top of the line VRF HVAC system installed in 2016.Cementious siding, All exterior trim is composite. LED lighting throughout. conference rooms, numerous private offices, break room, and two sets of his/hers restrooms on each floor.
This building is priced to sell at a 8% cap rate.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
23,895 SF
Building Class
B
Year Built
2017
Price
$2,969,000
Price Per SF
$124.25
Cap Rate
8%
NOI
$237,520
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,948 SF
Building FAR
0.27
Lot Size
2.01 AC
Opportunity Zone
Yes
Zoning
LB1 - See Attached Definition
Parking
102 Spaces (4.27 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Conferencing Facility
- Security System
- Signage
- Wheelchair Accessible
- Reception
- Smoke Detector
Property Taxes
| Parcel Number | 05-129711 | Improvements Assessment | $2,320,500 |
| Land Assessment | $251,500 | Total Assessment | $2,572,000 |
Property Taxes
Parcel Number
05-129711
Land Assessment
$251,500
Improvements Assessment
$2,320,500
Total Assessment
$2,572,000
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