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700 Technology Dr - Charleston US Veteran Affairs CBOC Clinic 18,027 SF Health Care Building Offered at $11,000,000 at a 7.50% Cap Rate in Charleston, WV 25309
Investment Highlights
- New 10-Year Lease with the U.S. Department of Veterans Affairs-5 Year Firm term
Executive Summary
Opportunity to acquire a two-building investment property anchored by a U.S. Department of Veterans Affairs Community Based Outpatient Clinic. The VA building is supported by a newly executed 10-year lease with a 5-year firm term and owner-reported NOI of approximately $750,000 annually. A second building on the property is leased to a physician, the State of West Virginia and an accounting firm and generates approximately $75,000 in additional annual NOI, bringing total owner-reported NOI to approximately $825,000 annually.
Property Facts
| Price | $11,000,000 | Building Class | B |
| Price Per Bed | $11,000,000 | Lot Size | 3.00 AC |
| Sale Type | Investment | Building Size | 18,027 SF |
| Cap Rate | 7.50% | No. Beds | 1 |
| Property Type | Health Care | No. Stories | 1 |
| Property Subtype | Hospital | Year Built | 1990 |
| Price | $11,000,000 |
| Price Per Bed | $11,000,000 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Property Type | Health Care |
| Property Subtype | Hospital |
| Building Class | B |
| Lot Size | 3.00 AC |
| Building Size | 18,027 SF |
| No. Beds | 1 |
| No. Stories | 1 |
| Year Built | 1990 |
Amenities
- Wheelchair Accessible
- Smoke Detector
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Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 20-22- 45-0003.0001 | Improvements Assessment | $219,060 |
| Land Assessment | $366,180 | Total Assessment | $585,240 |
Property Taxes
Parcel Number
20-22- 45-0003.0001
Land Assessment
$366,180
Improvements Assessment
$219,060
Total Assessment
$585,240
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Contact the Sale Advisor
700 Technology Dr - Charleston US Veteran Affairs CBOC Clinic