
Description
Solid Main ST Stucco Office Building leased for 14 years as a dentist facility with reception, six operatories, staff lounge with kitchen, two bathrooms and private offices. Additional corner lot on a separate parcel with future development potential currently used as a parking lot for the tenant. Fully owned solar panels. Generator. Quality facility, with no deferred maintenance, on a high profile street in Lake County's busiest town with steady predictable long-term income, no vacancy, minimal management needed, and a cap rate of 6.44%, plus annual CPI adjustments. About as good as it gets for a commercial investment.
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0BEDS
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0.07ACRES
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0BATHS
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01/2 BATHS
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2,277SQFT
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$213$/SQFT
School Ratings & Info
Description
Solid Main ST Stucco Office Building leased for 14 years as a dentist facility with reception, six operatories, staff lounge with kitchen, two bathrooms and private offices. Additional corner lot on a separate parcel with future development potential currently used as a parking lot for the tenant. Fully owned solar panels. Generator. Quality facility, with no deferred maintenance, on a high profile street in Lake County's busiest town with steady predictable long-term income, no vacancy, minimal management needed, and a cap rate of 6.44%, plus annual CPI adjustments. About as good as it gets for a commercial investment.
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