Investment Property - 8.1% Cap

Highlights

• Great investment opportunity for this medical office building leased to Munson Hospital.
• Munson recently signed a 5-year renewal giving an investor the opportunity for an 8.1% cap rate
• 5,936 SF of first floor medical space
• Full basement with an additional 2,000 SF of finished space
• 16 Exam rooms
• 6 Restrooms
• X-ray room (3 phase, 220V electric)
• The building sits on a lot that encompasses an entire city block from with frontage on North Down River, Rose, Erie & Vine
• Large parking lot
• Lot is large enough to support building additional buildings
• Building is in good condition
• New roof in 2022
• 2,944 SF addition (built in 2002)
• 6 HVAC units & 1 mini-split

Description

Great investment opportunity for this medical office building leased to Munson Hospital. Munson recently signed a 5-year renewal giving an investor the opportunity for an 8.1% cap rate. Building is in good condition with a new roof in 2022. In addition to the 5,936 SF of first floor medical space there is a full basement with an additional 2,000 SF of finished space. The building sits on a lot that encompasses an entire city block from with frontage on North Down River, Rose, Erie & Vine. There is a huge parking lot and the lot is large enough to support building additional buildings.

On the south side of W North Down River Rod between Smith & Rose Streets.

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