1664 Pond Frk Rd Madison, WV 25130-9374
- Office buildings
- 13.98 lot acres
May 24, 2022
Current Use by Public Records
- Office buildings
Property Details for 1664 Pond Frk Rd
- Lot size
- 13.98 lot acres
- Property type
- Office buildings
- APN
- 03-01- 3-0053.0006
- APU
- 301300530006
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $600,000
- ML approach
- $600,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Boone
- State
- West Virginia
- Longitude
- -81.7916
- Latitude
- 38.0381
- CBSA code
- 16620
- CBSA name
- CHARLESTON, WV METROPOLITAN STATISTICAL AREA
