Office Condo For Sale • 2,735 SF
| Name | Condo Use | Size | Price | Details |
|---|---|---|---|---|
| 1st Floor - Unit 101-102 | Medical | 2,735 SF | $350,000 USD | |
Description2,735 SF Medical Office condominium on first floor. Sale Notes100% Occupied by Long-term Medical Tenant. 3% yearly increases built into NNN Lease. 10% Cap. |
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O,R&L Commercial is pleased to offer an exceptional opportunity to acquire a fully leased Medical Office Investment Condominium located within the Waverly Professional Park, a well-established office park in Cheshire, CT. Unit 101-102 consists of approximately 2,735 SF and is 100% occupied by a long-term medical tenant, providing stable and predictable cash flow. The property currently generates a Net Operating Income (NOI) of $34,560.24 with annual 3% rental increases built into the NNN Lease structure offering investors reliable income growth and minimal landlord responsibilities. This property is strategically positioned just off Route 10 (Highland Avenue) and benefits from excellent accessibility, strong surrounding demographics, and proximity to major retail, medical and professional services. The professional park setting is well-maintained and provides ample parking within an attractive environment for medical and office users alike. This is an ideal property for investors seeking dependable income from a healthcare tenancy in a desirable suburban market.
| Medical Office Investment Opportunity |
| 2,735 SF Medical Condo for Sale |
| 100% Leased by Long-term Medical Tenant |
| NOI: $34,560.24 | 10% Cap |
| 3% Annual Increases in NNN Lease |
| Professional Office Park just off Route 10 |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 14 min | - | 8.2 mi | |
| 14 min | - | 8.5 mi | |
| Airport | Drive | Walk | Distance |
| Tweed/New Haven | 31 min | - | 19.6 mi |
| Bradley International | 65 min | - | 39.4 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Type: | Surface |
| Included in Rent: | Yes |