North on Science Park Rd. Sandy Drive on Right, Property on Corner
Property Summary:
Property Fully Leased!! Agents, 2014 Sandy Drive presents your investors with a truly rare commercial investment opportunity. This Roeshot built property is second to none in terms of craftsmanship, materials and finishes. The highly successful dental business/tenant leases the entire building. In October of 2019 the tenant signed a new, 10 year guaranteed, lease. The lease is a true NNN lease, the owner does not pay any expenses on the property including exterior maintenance and property taxes. Lease rates are excellent and set to increase in 2023. With a very high NOI, at $2.55M valuation places the CAP Rate at 7%. After 2023 rent increases, a 7% CAP increases the valuation to $2.9M. See attachment for additional investment highlights.
MLS# 67583
Interest rate and PMI are from 3rd party sources and are not guaranteed.
| Listing Agent | DAVID FONASH |
|---|---|
Office | KISSINGER BIGATEL & BROWER/S |
- Commercial Features Office Space
- Building Features Sprinkler
- Exterior Stone,Brick,Stucco
- Roof Shingle
- Builder
- New Construction Yes
| Sq. Footages | |
|---|---|
Above Grade Finished Sq. Ft. | |
Below Grade Finished Sq. Ft. | |
Below Grade Unfinished Sq. Ft. | |
Total Finished Sq. Ft. | 9100 |
- Farm Type Operating Expenses,APOD,Cash Flow Statement,Net Operating Income
- Driveway Sprinkler
- Sewer Brick
- Water Public Sewer
- County Centre
- Municipality 24-Ferguson Township
- Zoning CO
- Property Code 24-443-021-0000
- Possession Close Of Escrow
- Total Taxes $22687
- Assessed Value 0