$565,000
$595,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
1,841 SqFt
SOLD DATE : 06/14/2024
Key Details
Sold Price $565,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 1,841 sqft
Price per Sqft $306
MLS Listing ID MDTA2006444
Sold Date 06/14/24
Originating Board BRIGHT
Year Built 2006
Annual Tax Amount $6,175
Tax Year 2023
Property Description
Great opportunity to invest in an Absolute NNN medical building with a national tenant. Occupied by LabCorp since 2008, a leading global life sciences company, the property offers great returns in a growing market. Priced at 7% cap rate with property management already in place. Enjoy passive returns with a great tenant in a growing market.
- Absolute NNN Lease: No landlord responsibilities, offering a truly passive investment.
- Established Tenant: LabCorp is a leading global life sciences company, providing comprehensive clinical laboratory and end-to-end drug development services.
- Prime Location: The office is located in Easton, Maryland, along its strong, growing medical corridor.
Location
State MD
County Talbot
Zoning CG
Interior
Hot Water Electric
Heating Heat Pump - Electric BackUp
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 20.0
Waterfront N
Water Access N
Accessibility Grab Bars Mod, 36\"+ wide Halls, No Stairs
Parking Type Parking Lot
Total Parking Spaces 20
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Talbot County Public Schools
Others
Tax ID 2101115898
Ownership Condominium
Special Listing Condition Standard
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Bought with Ross Benincasa • SVN |Miller Commercial Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "