1664 Pond Frk Rd Madison, WV 25130-9374

This exceptional investment opportunity presents a 9,407 square foot, single-story office building situated on a 13.98-acre lot in Madison, West Virginia. The property, built in 1981 and extensively renovated in 2022, boasts a 100% occupancy rate with a new 10-year (8-firm) lease commenced in June 2022. The tenant is the Mine Safety and Health Administration (MSHA), a U.S. Government agency with an AA+ S&P credit rating, ensuring a secure and reliable income stream. Recent capital improvements exceeding $223,000 include a new roof coating, HVAC units, PVC gutter drains, LED lighting, electronic door locks, paint, carpet upgrades, and restroom renovations. The property is ADA approved. The asking price is $1,351,965, representing a price per square foot of $143.72 and an 8.00% cap rate. Seller financing is available at a 5% interest rate for a portion of the purchase price. This is a rare opportunity to acquire a well-maintained, high-quality office building with a long-term, secure lease in a desirable location. The strong fit for renewal and the 10(8) lease allowed the GSA to accept this via AAAP, expediting procurement and avoiding the typical GSA ad & survey lease acquisition process. MSHA develops and enforces safety and health rules for all US mining operations.