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Attention Local & Out of Town Investors. 185 West Avenue is a Commercial Condominium Association. This building is a medical professional office park currently occupied by 12 Office Condo Suites, Physicians, Psychiatrist & Therapy Offices, Sports Rehabilitation, & Lab Testing Facility. The Real Estate For Sale is the entire building and all individual office condos. The current owners occupy a large number of suites and are willing to negotiate a long term lease to remain as tenants. This is a unique offering with a Capitalization of 8.44%. With full occupancy and full market rent from the anchor tenants, the CAP rate potential is 10.5-11%. Each condo unit owner pays a monthly condo fee which covers 100% of the taxes and expenses of the building. The building was constructed in 1988 and has a very large onsite parking lot and elevator to provide ease of access to the 2nd and 3rd Floor. Turn key opportunity with very positive return on your investment.

Listed by Jeffrey Brochu, Brochu Real Estate

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