Overview
Established Medical Office Investment
This property is a medical office building with a longstanding tenant. The current lease term extends from January 1, 2024, to December 31, 2029, with one 5-year option to extend, and the option rent is negotiable. The current rent is $2,526 per month, resulting in a net income of $30,312 per year. The tenant is responsible for sidewalks, lawn/landscape, driveways, electric, gas, water/sewer, maintenance, repairs, snow removal, waste removal, signage, outside painting every 4 years, real estate taxes, insurance, and roof repairs. The building features a finished basement with exterior access and ramped access to the first floor. The first-floor layout includes a large lobby with seating for 7, a restroom, 4 exam rooms with sinks, an admin area with check-in/check-out windows, 2 entries/exits for patients, 1 entry/exit for staff, and a kitchen. The basement layout includes a cubicle area, storage, an office, a kitchenette, an IT room, and a restroom. The property is located near Uptown Maumee, 238 yards to US-24, and 1.95 miles to I-475/US-23, Exit 4. The property has a size of 1213 square feet. Detailed repair notes are on file from Service Master following a claim from an auto accident where a vehicle hit the building prior to the roundabout construction.
