Income Producing Medical Office Building ~ Single Tenant
Office
for Sale
| Catylist Listing ID: |
30875127 |
| Property Subtypes: |
Medical, Office Building
|
| Building Size (RSF): |
3,432 SF
|
| Gross Land Area: |
0.45 Acres
|
| Sale Price: |
$725,000 |
| Unit Price: |
$211.25 PSF |
| Property Use Type: |
Investment |
| Building Name: |
Hanger Clinic |
| Class of Space: |
Class B |
| Usable Size (USF): |
3,432 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
7.2% |
| Last Updated: |
10/4/2024 |
Overview / Comments
|
28 Perry Avenue is home to the Hanger Clinic. This unique medical user specializes in Prosthetics and Orthotics and has been in this location since 1997. This freestanding 3432 SF building is occupied by a national company that has over 900 locations. The medical office is a brick, single story facility with a standing seam metal roof, efficient layout consisting of reception area, 5 exam rooms, 3 restrooms, kitchen area and light manufacturing area. The long standing tenant has an existing lease that currently runs thru April 30, 2027 with 2 additional option terms thereafter. The current Net Operating Income is $52,193 and is being offered at a 7.2% CAP rate.
|
Financials
| Finance Data Year |
2024 |
| Real Estate Taxes - Annual($) |
$7,179 (Annual) |
| Gross Operating Income |
$68,497 (Annual) |
| Net Operating Income |
$52,193 (Annual) |
| Actual or Proforma Year |
Actual |
Additional Details
| Nearest MSA: |
Crestview-Fort Walton Beach-Destin |
| County: |
Okaloosa |
| Taxing Authority: |
Okaloosa County |
| Tax ID/APN: |
13-2S-24-1910-0378-0000 |
| Zoning: |
COMMERCIAL |
| Property Visibility: |
Excellent |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Year Built: |
1986 |
| Parking Type: |
Surface |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,039 |
44,411 |
65,566 |
| Median Age: |
41.33 |
39.57 |
39.06 |
| Households: |
4,137 |
19,460 |
28,011 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
|
