Property Description

This property offers a prime office location along the bustling Patterson Road corridor, strategically positioned between St. Mary's Hospital and Community Hospitals. With 21,805 square feet of office space spread across two floors, this building sits on 1.84 acres, providing ample parking options both at the front and rear. The rental rates have been updated as a third Tenant was added. the NOI produces a 7% cap rate Currently, the building is leased to 3 tenants. The entire first floor of 9156 square feet is leased to a real estate company, with lease terms available upon request. On the second floor, Community Hospital billing offices lease 3800 SF, and Major Mortgage leases 5400 SF at a variable rate. This offers immediate income potential for investors. With its prime location, spacious layout, and potential for further lease or customization, this property is an excellent opportunity either as a solid investment or as a headquarters for your corporation. As an investment Property this Property has a 7% cap rate of return based upon the current leases. Contact the Broker for more information.

Property Features