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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 was established in 1992 and has become a major provider of kidney dialysis services. The company operates thousands of outpatient dialysis centers globally. Services include in-center hemodialysis, peritoneal dialysis, and home dialysis options. DaVita also provides integrated kidney care programs and clinical research services. The company serves hundreds of thousands of patients annually through its network of facilities in the United States and multiple other countries.