Office/Medical
$2,950,000
$180.04/SF
7.05%
Investment
Huron Links Medical Office Building is a 16,385 square foot fully occupied Medical office building that is Priced at a Cap Rate of 7.05% on actual income. The rent roll is a mix of healthcare oriented tenants with businesses that provide essential services to the community which include chiropractic, psychiatric, dental, and primary medical care. Each tenant has executed a multi years lease with an average rent of $19.76/SF and $0.50/SF annual escalations. Built in 2000 this building has been very well-maintained and offers desirable features including a large lobby, ADA compliant restrooms, elevator access, and high-end office and medical build-out. Huron Links is a great investment based solely on the building, rent roll, and income but additional bonus is the large area of raw land on the 2.198 Acre site that offers the ability to build a second income producing building. This investment is an opportunity to own a medical office building that is income producing, well located, easy to manage, with future development opportunity.
100% occupied multi tenant Medical Office investment
Priced on actual numbers at a 7.05% Cap Rate
Offered below the replacement cost at $180.04 per square foot
Full Service Lease with an average Rent of $19.76/SF & $0.50/SF escalations
Tenants include chiropractic, psychiatric, dental, & primary medical
Includes raw land for future development
Pricing and returns
Price
Price per SF
CAP Rate
$2,950,000
$180.04
7.05%
Operating data
Base Rent
Expense Reimbursement
Additional Income
Gross Potential Income
Vacancy Factor
Reserves
Effective Gross Income
Total Expenses
Net Operating Income
5.00%
$0.15
–
–
–
$362,155
$6,123,24
$0
$362,278
$18,108
$2,458
$34,712
$139,882
$207,830
Proposed financing
Down Payment
Loan Amount
Interest Rate
Amortization (Years)
Debt Service
30.00%
$885,000
$2,065,000
5.00%
25
$144,861
Return on investment
Net Cash Flow
Cash-On-Cash
Principal Reduction
Total Return
Total Return %
$62,969
7.12%
$42,578
$105,547
11.93%
The information contained herein was obtained from sources believed reliable; however, Unique Properties makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation on this property is submitted subject to errors, omission, changes of price, or conditions, prior to sale or lease, or withdrawal without notice.
Please note, all information furnished in this presentation has been secured from sources we believe to be reliable. However, we accept no responsibility for its correctness and encourage the verification of all numbers prior to making any financial decisions. We may owe duties to the landlord, which can include utmost good faith. We may negotiate on behalf of and act as advocate for the landlord. Please do not tell us any information that you do not want shared with the landlord. You are not legally responsible for our actions. Although we do not represent you, we will disclose to you all adverse material facts about the property actually known to us in accordance with Colorado Law. We will assist you without regard to race, creed, sex, religion, national origin, familial status or handicap.