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Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2006
Sq.Footage
11,980
PRICE REDUCTION!! This approximately 12,000 SF Medical/Office building has undergone a complete remodeling and is now fully leased with tenants from the medical, real estate, and financial sectors. This prime investment property is offered with new leases at higher than market rents and is trading at nearly a 7% cap rate. The majority of the building will be occupied by the seller under a ten-year lease agreement at $35.00/SF with annual escalations. A substantial renovation costing nearly $2 million has been completed on the main section of the building. This renovated space will now house a primary care medical practice and an urgent care facility, enhancing the building's value and appeal. Located conveniently on Cochran Boulevard, at the hard corner of Peachland and Cochran Boulevard, this property offers maximum exposure and easy access. This strategic location is ideal for attracting both foot traffic and patients who require urgent and primary care services.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
Exterior
-
Garage
No
-
Construction Materials
Block
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
1.4
-
Property Type
Commercial Sale
-
Property Sub Type
Office
Price
-
Sales Price
$5,250,000
-
Tax Amount
31400.18
-
Sq. Footage
11, 980
-
Price/SqFt
$438
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
-
Foundation Details
Slab
-
Ownership
Other
-
Senior Community YN
NO
-
Tax Lot
2
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Location
County
Charlotte
Elementary School
Middle School
High School
Listing Courtesy of Howard Corr , CORR COMMERCIAL ADVISORS LLC
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Business Coach | Executive Sales Associate | Realtor®
MichaelGraf
Call Michael today to schedule a private showing.
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