Description
Guaranteed Income Producing Investment Property! Fully Leased Out Class A Medical Office Space For Sale in Gainesville, VA in Lake Manassas TOTAL 3,230 SQFT. This is the only Class A, Muti-Practice Medical Office Building in Gainesville with over 95% of the building tenancy being used for Medical Office Purposes. List Factors in a 9.5% Cap Rate! Gross Lease Income is $153,012 annually with a 3% escalation each year. Lease due to be renewed by the end of the Year and will enter its 3rd 5 year term. Tenant is a Large Regional Hospital & Academic Partnership with a succession plan in place to continue the OB/GYN practice to support UVA Health System Heathcote Hospital in perpetuity.
Description
Guaranteed Income Producing Investment Property! Fully Leased Out Class A Medical Office Space For Sale in Gainesville, VA in Lake Manassas TOTAL 3,230 SQFT. This is the only Class A, Muti-Practice Medical Office Building in Gainesville with over 95% of the building tenancy being used for Medical Office Purposes. List Factors in a 9.5% Cap Rate! Gross Lease Income is $153,012 annually with a 3% escalation each year. Lease due to be renewed by the end of the Year and will enter its 3rd 5 year term. Tenant is a Large Regional Hospital & Academic Partnership with a succession plan in place to continue the OB/GYN practice to support UVA Health System Heathcote Hospital in perpetuity.
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