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Northwood Medical Building

Listing was updated on: 03/25/2020
Northwood Medical Building Northwood Medical Building

Property Overview

Price/Rent PSF $ 1,875,000.00
Asset Type Office
Secondary Asset Type Medical
Trade Type Sale
SQ. FT. Available 12,986
Date Available 03/25/2020
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Description

Cedar William, as the exclusive advisor to the Owner, is pleased to present the opportunity to acquire 100% fee simple interest in this 78.2% occupied medical/professional office building. The subject property consists of an irregular-shaped parcel of land totaling 3.19 acres. It is improved with a two-story commercial office building containing 6 office units totaling 17,460 gross square feet (SF). The building was constructed in 1978 and is wood-frame construction with Hardy board siding and brick masonry exterior. The roofing system is flopped and covered with asphalt shingles. The foundation appeared to consist of cast-in-place concrete with a basement. Heating and cooling are provided by electric split systems. There are approximately seven units ranging in size from two to four tons. Interior finishes vary by tenant needs. Walls typically consist of painted or wall papered gypsum board and ceilings are constructed of acoustic ceiling tiles and wood paneling. Floor coverings consist of a combination of ceramic floor tiles, vinyl/linoleum flooring and commercial grade carpeting. Current tenants include: MedStat, Lutheran Health Physicians, Northwood Family Dentistry, Uniroyal, Jackie Anders, and Corine Stickers. Easy access from Main St. (SR 19) Professionally landscaped Multi-tenant, individual private offices Professional office Managed by Bradley Company

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