Introducing an exceptional opportunity for discerning investors: Welcome to the prestigious Medical Center. Nestled in a prime location, this income-generating gem boasts an impressive approximate 12% cap rate, setting the stage for a lucrative investment, ideal for savvy individuals seeking a rewarding venture, including those exploring 1031 exchanges. Distinguished by a roster of esteemed medical professionals, this center stands as a hub of innovation and excellence. A constellation of medical doctors sublets dedicated spaces on long-term leases, underscored by the security of triple net arrangements, ensuring a seamless income flow. Comprehensive financials and sublease details are readily available upon request, affording prospective investors a transparent and informed entry into this opportunity. This meticulously designed 2-story building, complemented by a finished basement, stands as a testament to architectural sophistication. Currently achieving a remarkable 100% occupancy rate, the building's 23 x 70 dimensions accommodate over 5, 000 sqft of premium, income-generating space. Encompassing a property size of 33. 33 x 100, zoned R6, the potential for growth and expansion is unparalleled. Seize the chance to be a part of this unparalleled investment opportunity, where excellence, profitability, and innovation converge seamlessly
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,800,000 | $2,800,000 | $2,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.377% | 6.851% | 6.664% |
Monthly Tax Payment | $3,108 | $3,108 | $3,108 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $16,787 | $18,161 | $24,391 |
Total Monthly Payment | $20,020 | $21,394 | $27,624 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.