Log In/Sign Up
Your email has been sent.
Professional/Medical Office Investment 6-10 Canyon Rd 17,330 SF 100% Leased Office Building Morgantown, WV 26508 $5,400,000 ($311.60/SF) 7.15% Cap Rate
Investment Highlights
- 100% Leased (WVU Medicine / Omnia Medical)
- Excellent Interstate Visibility
- Strong Medical, Academic, and Economic Markets
- 36 Off Street Parking Spaces
- Located in the highly regarded Cheat Lake area of Morgantown, WV
- Class A Office Building
Executive Summary
Black Diamond Realty is pleased to present 6, 8, 10 Canyon Road, a 100% leased, professional/Medical Class A office investment. The property includes 17,330 (+/-) square feet on 0.955 (+/-) acre fronting I-79.
Investment Highlights:
Investment-Grade Tenant: WVU Medicine (S&P: ‘AA/A-1’ and ‘AA+/A-1’)
• Occupies 26% of Property
• Lease Commencement: March 1, 2014
• Lease Term Remaining: 2.5+ Years and 5-Yr Renewal with CPI Increase
• Lease Type: NN
• Healthy Minds Counseling Office
Long-Term Creditworthy Tenant: Omnia Medical
• Occupies 74% of Property
• Lease Commencement: June 1, 2018
• Lease Term Remaining: 10+ Years Remaining and Two 5-Yr Renewals with CPI Increases
• Lease Type: Modified Gross
• Limited Personal Guarantees by Co-Owners
• Invested significant capital in tenant improvements to the property.
• Medical Implant Headquarters (Corporate Office, Testing, Clean Room, Printing/Packaging/Shipping)
Other Highlights:
• Excellent I-68 Interstate Visibility
• Located in the highly regarded Cheat Lake area of Morgantown, WV
• Strong Medical, Academic, and Economic Markets
• Near West Virginia University, J.W. Ruby Memorial Hospital (WVU Medicine), Mon Health, Uniontown Hospital (WVU Medicine) & UPMC
• Amenities: Backup Power Generators
• Utilities: 3-phase electric, natural gas, public water/sewer
Investment Highlights:
Investment-Grade Tenant: WVU Medicine (S&P: ‘AA/A-1’ and ‘AA+/A-1’)
• Occupies 26% of Property
• Lease Commencement: March 1, 2014
• Lease Term Remaining: 2.5+ Years and 5-Yr Renewal with CPI Increase
• Lease Type: NN
• Healthy Minds Counseling Office
Long-Term Creditworthy Tenant: Omnia Medical
• Occupies 74% of Property
• Lease Commencement: June 1, 2018
• Lease Term Remaining: 10+ Years Remaining and Two 5-Yr Renewals with CPI Increases
• Lease Type: Modified Gross
• Limited Personal Guarantees by Co-Owners
• Invested significant capital in tenant improvements to the property.
• Medical Implant Headquarters (Corporate Office, Testing, Clean Room, Printing/Packaging/Shipping)
Other Highlights:
• Excellent I-68 Interstate Visibility
• Located in the highly regarded Cheat Lake area of Morgantown, WV
• Strong Medical, Academic, and Economic Markets
• Near West Virginia University, J.W. Ruby Memorial Hospital (WVU Medicine), Mon Health, Uniontown Hospital (WVU Medicine) & UPMC
• Amenities: Backup Power Generators
• Utilities: 3-phase electric, natural gas, public water/sewer
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
17,330 SF
Building Class
B
Year Built
2008
Price
$5,400,000
Price Per SF
$311.60
Cap Rate
7.15%
NOI
$386,100
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,776 SF
Building FAR
0.36
Lot Size
1.12 AC
Zoning
No Zoning - No zoning regulations
Parking
47 Spaces (3.44 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Security System
- Signage
- Wheelchair Accessible
- Reception
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Omnia Medical, Llc
- Services
- -
- -
- -
- -
- Wv U Hospitals Inc
- Health Care and Social Assistance
- -
- -
- Double Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Omnia Medical, Llc | Services | - | - | - | - | |
| Wv U Hospitals Inc | Health Care and Social Assistance | - | - | Double Net | - |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $601,740 | |
| Land Assessment | $59,700 | Total Assessment | $661,440 |
Property Taxes
Parcel Numbers
Land Assessment
$59,700
Improvements Assessment
$601,740
Total Assessment
$661,440
1 of 70
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Professional/Medical Office Investment | 6-10 Canyon Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.