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Investment Highlights
- 7 years remaining with 2(5) year options
- Current lease rate of $35.54 PSF NNN
- Capital Health invested over $1,000,000
- 2+ months security deposit
- 2.5% annual increases
- Utilities & condominium association fees are the responsibility of Capital Health
Executive Summary
The property is a 5,700± SF medical office building within the Mallard Creek Village condominiums. Capital Health, a regional healthcare provider, is the solo tenant and has 7 years remaining on their lease.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,700 SF
Building Class
A
Year Built
1985
Price
$3,450,000
Price Per SF
$605.26
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,700 SF
Parking
34 Spaces (5.96 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Numbers | Improvements Assessment | $80,160 | |
| Land Assessment | $0 | Total Assessment | $80,160 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$80,160
Total Assessment
$80,160
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Capital Health | 130 Almshouse Rd
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