Office Building Investment - Fully Leased

Office for Sale
Catylist Listing ID: 30607260
Property Subtypes: Business Park, Executive Suites, Governmental, Institutional, Medical, Net Leased, Office Building, Other
Building Size (RSF): 6,198 SF
Gross Land Area: 0.79 Acres
Sale Price: $579,000
Unit Price: $93.42 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 9.5%
Last Updated: 3/31/2021

Overview / Comments

Fully Leased - Low maintenance brick building currently occupied by a National medical company (Hanger) and a local tenant. Hanger has been a long term tenant with approximately 5,000 sf. Property is centrally located in Johnson City. Located within +/-1 mile from I-26. Office, medical and retail properties are all either adjacent or within close proximity. Leases are triple net and modified gross.

Additional Details

Nearest MSA: Johnson City
County: Washington
Tax ID/APN: 038B A 002.01
Zoning: MS-1
Property Visibility: Excellent
Year Built: 1987
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,238 41,077 81,713
Median Age: 43.65 41.26 38.6
Households: 2,093 18,495 34,650


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