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200 Tracy Way 20,000 SF 100% Leased Office Building Charleston, WV 25311 $3,500,000 ($175/SF) 8.64% Cap Rate
Investment Highlights
- The property was completed renovated in 2014 by Highmark, the landlord spent approximately $400,000 in 2021 upgrading for the current tenant Coforge.
Executive Summary
Credit tenants,New 240,000KW back up generator ,Coforge 15,000sf,United Sates Veteran Administration 5000sf
Gross Income $540,000
Net. Income $294,000
Coforge lease expires March 2029
VA Lease expires December 2026
The VA has already requested a 5 year extension which the owners are negotiating
Coforge has also expressed an interest in staying
Gross Income $540,000
Net. Income $294,000
Coforge lease expires March 2029
VA Lease expires December 2026
The VA has already requested a 5 year extension which the owners are negotiating
Coforge has also expressed an interest in staying
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
20,000 SF
Building Class
A
Year Built
2002
Price
$3,500,000
Price Per SF
$175
Cap Rate
8.64%
NOI
$302,400
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
20,000 SF
Building FAR
0.16
Lot Size
2.85 AC
Zoning
Office - Commercial
Parking
135 Spaces (6.75 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Signage
- Wheelchair Accessible
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
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Property Taxes
| Parcel Number | 20-10- 50-0012.0000 | Improvements Assessment | $1,205,260 (2025) |
| Land Assessment | $390,900 (2025) | Total Assessment | $1,596,160 (2025) |
Property Taxes
Parcel Number
20-10- 50-0012.0000
Land Assessment
$390,900 (2025)
Improvements Assessment
$1,205,260 (2025)
Total Assessment
$1,596,160 (2025)
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200 Tracy Way
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