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335 Highland Ave 2,735 SF Medical Condo Unit Offered at $482,349 CAD in Cheshire, CT 06410
Investment Highlights
- Medical Office Investment Opportunity
- 100% Leased by Long-term Medical Tenant
- 3% Annual Increases in NNN Lease
- 2,735 SF Medical Condo for Sale
- NOI: $34,560.24 | 10% Cap
- Professional Office Park just off Route 10
Executive Summary
O,R&L Commercial is pleased to offer an exceptional opportunity to acquire a fully leased Medical Office Investment Condominium located within the Waverly Professional Park, a well-established office park in Cheshire, CT. Unit 101-102 consists of approximately 2,735 SF and is 100% occupied by a long-term medical tenant, providing stable and predictable cash flow. The property currently generates a Net Operating Income (NOI) of $34,560.24 with annual 3% rental increases built into the NNN Lease structure offering investors reliable income growth and minimal landlord responsibilities. This property is strategically positioned just off Route 10 (Highland Avenue) and benefits from excellent accessibility, strong surrounding demographics, and proximity to major retail, medical and professional services. The professional park setting is well-maintained and provides ample parking within an attractive environment for medical and office users alike. This is an ideal property for investors seeking dependable income from a healthcare tenancy in a desirable suburban market.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 10.00% |
| Sale Type | Investment |
| Cap Rate | 10.00% |
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 101-102 | 2,735 SF | Medical | $482,349 CAD ($176.36 CAD/SF) | $48,234.90 CAD |
Unit 101-102
| Unit Size |
| 2,735 SF |
| Condo Use |
| Medical |
| Price |
| $482,349 CAD ($176.36 CAD/SF) |
| NOI |
| $48,234.90 CAD |
Unit 101-102
| Unit Size | 2,735 SF |
| Condo Use | Medical |
| Price | $482,349 CAD ($176.36 CAD/SF) |
| NOI | $48,234.90 CAD |
| Sale Type | Investment |
| Cap Rate | 10.00% |
| Description | |
| 2,735 SF Medical Office condominium on first floor.</li></ul> | |
| Sale Notes | |
| 100% Occupied by Long-term Medical Tenant. 3% yearly increases built into NNN Lease. 10% Cap.</li></ul> |
Property Facts
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335 Highland Ave
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