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3683 Ohio River Rd 5,508 SF Office Building Point Pleasant, WV 25550 $1,315,000 ($238.74/SF) 6.75% Cap Rate

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Investment Highlights

Building is near the new Nucor site

Executive Summary

Tenant has vacated the building but is committed through 8/31/28 with 2% rent increases and is NN lease. Owner is responsible for the structure and the parking lot, tenant cover all other expenses. The annual increases are as follows:
9/1/22-8/31/23 is $88,740.00
9/1/23-8/31/24 is $90,514.80
9/1/24-8/31/25 is $92,325.10
9/1/25-8/31/26 is $94,171.60
9/1/26-8/31/27 is $96,055.03
9/1/27-8/31/28 is $97,976.13

Financial Summary (Actual - 2022)	Annual	Annual Per SF
Gross Rental Income	$88,740	$16.11
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$88,740	$16.11
Net Operating Income	-	-

Financial Summary (Actual - 2022)

Gross Rental Income
Annual	$88,740
Annual Per SF	$16.11

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$88,740
Annual Per SF	$16.11

Net Operating Income
Annual	-
Annual Per SF	-

Property Facts

Sale Type

Investment or Owner User

Property Type

Office

Property Subtype

Medical

Building Size

5,508 SF

Building Class

Year Built

2007

Price

$1,315,000

Price Per SF

$238.74

Cap Rate

6.75%

NOI

$88,740

Tenancy

Single

Building Height

1 Story

Typical Floor Size

5,508 SF

Building FAR

0.10

Lot Size

1.21 AC

Zoning

Parking

39 Spaces (7.08 Spaces per 1,000 SF Leased)

24 Hour Access
Security System

Central Heating

Plug & Play

Air Conditioning

Major Tenants

Health Care and Social Assistance
5,508 SF
$15.03
Triple Net
Aug 2028

DaVita began as Medical Ambulatory Care in 1979 before becoming Total Renal Care Holdings in 1995. The company rebranded to DaVita in 2000 after a major restructuring. Today, DaVita provides integrated kidney care services through dialysis centers, hospital partnerships, and home treatment programs. The company operates thousands of outpatient facilities worldwide and serves hundreds of thousands of patients annually. DaVita also engages in clinical research initiatives focused on improving kidney disease treatment. The organization emphasizes value-based care models and comprehensive patient support services.