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403 Middleford Rd Seaford, DE 19973

Sponsored
For Sale
$330,000

Seaford medical office, strong tenant, 8% cap rate.

Property size:
2,011 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This 2,011 square foot, single-tenant net-leased medical office building is located at 403 Middleford Rd, Seaford, Delaware 19973, within a planned professional park near TidalHealth's Nanticoke campus. Built in 2012, the property boasts a 100% occupancy rate with a credit-rated tenant, Chesapeake Bay Orthopedics, under a lease expiring December 31, 2026. The building features a spacious layout including a large lobby with bathroom, a reception area, staff work area, private staff bathroom, four exam rooms, a private office, and an X-ray room. The property generates a net operating income (NOI) of $26,400, resulting in an attractive 8.00% capitalization rate. This stabilized investment opportunity presents a compelling return for investors. The seller may consider financing options. This property is priced to sell and is expected to attract significant interest. The property is a single unit and has been occupied since October 1, 2012. The lease is a net lease.

Property Features for 403 Middleford Rd

General Information

Property type
Medical offices
Square Feet
2,011 SF

Building Details

Year Built
2012
Units
1

Property Profile Location Intelligence

Current Use by Public Records

Medical offices

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Seaford
County
Sussex
State
Delaware
Longitude
-75.597774107303
Latitude
38.645544755875

FAQs

What type of property is this?
Medical office - Seaford medical office, strong tenant, 8% cap rate.
Where is this medical office located?
The property is located at 403 Middleford Rd Seaford, DE.
What is the asking price?
The asking price for this property is $330,000.
More about this property
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