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2500 Military Rd 3,500 SF Office Condo Unit Offered at $905,000 in Columbus, MS 39705
Investment Highlights
- High Quality Construction Office — Smile Doctors’ condo is within a 2005 construction property. The building is 20,000 SF and 100% leased
- Ideal Target Market for Smile Doctors — The property provides immediate access to recurring patient bases for Smile Doctors
- Hwy-82 — Markets like Columbus pull patients from as far as 40 miles away from the property.
- Sticky Investment — Dental practices rarely relocate due to high build-out costs and difficulty in retaining the same patients after moving
- Ideal 1031 Exchange Property — With a long-term, passive lease, this property is ideal for buyers in a 1031 exchange
Executive Summary
Constructed in 2005. 20,000 square foot building. 100% leased.
Property Facts Under Contract
| Total Building Size | 19,000 SF | Typical Floor Size | 19,000 SF |
| Property Type | Office (Condo) | Year Built | 2005 |
| Property Subtype | Medical | Lot Size | 2.00 AC |
| Building Class | C | Parking Ratio | 0.53/1,000 SF |
| Floors | 1 |
| Total Building Size | 19,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 19,000 SF |
| Year Built | 2005 |
| Lot Size | 2.00 AC |
| Parking Ratio | 0.53/1,000 SF |
1 Unit Available
Unit 1
| Unit Size | 3,500 SF | Sale Type | Investment |
| Price | $905,000 | Sale Status | Under Contract |
| Price Per SF | $258.57 | Cap Rate | 8.12% |
| Condo Use | Office | NOI | $73,500 |
| Unit Size | 3,500 SF |
| Price | $905,000 |
| Price Per SF | $258.57 |
| Condo Use | Office |
| Sale Type | Investment |
| Sale Status | Under Contract |
| Cap Rate | 8.12% |
| NOI | $73,500 |
Description
Occupied by Smiles Doctors
Sale Notes
Broker of Record | Phillip Carpenter | License No. 18906 (MS) | (601) 957-100 | Carpenter Properties, Inc. | 1437 Old Square Road, Suite 104 Jackson, MS 39211
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2500 Military Rd
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