Incredible investment opportunity in a stand alone office building with single tenant. Cap rate of 7.75+. Seller has owned and occupied entire building since it was built in 2003 and will sign 5-7 year lease with option to extend beyond that. Major improvements were made to the entire office park in 2020 including new landscaping, parking lot, sidewalks/curbs, lighting, and signs. The interior consists of a reception area, two private offices, an open work area, multiple exam rooms, a small kitchen/break room, four restrooms, and additional work spaces and storage. Sellers are in the process of painting and replacing carpet/flooring throughout the building.
Listing courtesy of John Addison of ReeceNichols - Town Center.
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