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Former medical suite in the process of renovation by a new tenant available for sale. New 5-year lease provides a generous 8% return on investment. Tenant responsible for all regime payments, taxes, and insurance. Tenant is in process of renovating the suite, along with Suite 1200, also available for sale, to be used for medical education space. Full lease takes effect on September 1. Terms are 5 years with renewal options and rent increases at renewal. Operating costs are actual costs, adjusted annually. This property is broker/agent owned.
Features
Age: 41-50 Years Old
Cooling System: Central Air
Exterior Type: Brick Veneer
Exterior Type: Block
Exterior Type: Steel Frame
Floor Covering: Vinyl
Floor Covering: Carpet
Heating System: Electric (Heating)
Heating System: Forced Air
Legal Description: APT PARCEL 1300 & INT IN 5 ACRES M/L