Your email has been sent.
1664 Pond Fork Rd 9,407 SF Office Building Madison, WV 25130 $1,332,360 ($141.63/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- New 10 Year (8 Firm) Lease Renewal Commenced in June 2022 | GSA Lease (U.S. Government credit, AA+ S&P) – Mine Safety and Health Administration (MSHA)
- GSA Invested Over $163,000 in Tenant Improvements For Paint and Carpet Upgrades in 2022
- Strong Fit for Renewal & 10(8) Lease Allowed GSA to Accept This via AAAP, Expediting Procurement & Avoiding GSA’s Typical Ad & Survey LeaseAcquisition
- $60,000 Recently Invested for New Roof Coating, New HVAC Units, New PVC Gutter Drains, All LED Lighting and an Electronic Door Lock
- 2022 Restroom Renovations, Roof Repairs & Replaced an HVAC Unit
- Seller Financing Available at 5% Interest Rate for Part of the Purchase | ADA Approved Facility
EXECUTIVE SUMMARY
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Public Administration
- -
- $18.68
- Full Service
- Jun 2032
The U.S. Department of Labor's Mine Safety and Health Administration (MSHA) is dedicated to reducing deaths, injuries, and illnesses in the nation's mines through a variety of activities and programs. The agency develops and enforces safety and health rules for all mines under U.S. jurisdiction, including those in Puerto Rico, the U.S. Virgin Islands, and Pacific territories such as American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands (CNMI). MSHA provides technical, educational, and other types of assistance to mine operators and works cooperatively with industry, labor, and other federal and state agencies to improve safety and health conditions for all miners throughout the United States and its territories.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Public Administration | - | $18.68 | Full Service | Jun 2032 |
PROPERTY TAXES
| Parcel Number | 01-3-00530006 | Improvements Assessment | $213,060 |
| Land Assessment | $19,080 | Total Assessment | $232,140 |
PROPERTY TAXES
CONTACTS
-
Justin Fenn, SIOR -
Darpan Patel -
Dan Yozwiak -
Paige Bucheit -
Sam Elyassaki -
Peter Sibicky -
Marcus & Millichap
Presented by
1664 Pond Fork Rd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.