1645 Falmouth Rd - Medical CONDO FOR SALE


Centerville, MA 02632
$900,000 USD
781-776-4012
1645 Falmouth Rd, Centerville, MA for Sale
$900,000 USD
Medical CONDO - FOR SALE
1/5
null | 7.5% Cap Rate

1645 Falmouth Rd
Centerville, MA 02632


HIGHLIGHTS

  • Long Term Lease
  • Annual Rent Increases
  • Minimal Landlord Responsibilities
  • Dynamic Regional Tenant
  • Prime Retail Location
  • Significant Industry Demand

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the condominium interest in the single tenant net leased Centerville Family Dental Care located at 1645 Falmouth Road in Centerville, Massachusetts (the “Property”). The Property is leased to Centerville Family Dental Care, which is operated by New England Management Services, Inc, a leading provider of non-clinical office support and administrative services to a network of dental practices located in Southern Massachusetts. Centerville Family Dental Care has 9+ years remaining on their Lease with two (2), 5-year renewal options. The lease features attractive 2.5% annual increases throughout the base term. The Property is well located along Falmouth Road (MA Route 28), Cape Cod’s primary commercial and commuter corridor, and benefits from outstanding visibility and frontage. The location is part of the dominant trade area centered along MA Route 28 between Old Stage Road and W Main Street with convenient access to Barnstable’s shopping district and Downtown Hyannis and the Inner Harbor. The Property is close to numerous hotels and motels, businesses, national and local retailers, restaurants, and Cape Cod’s southern beaches and harbors, all of which draw significant traffic to the area.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$264 USD /SF

CAP RATE

7.5%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

20,780 SF

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

B

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Aaron HuntleyHorvath & TremblayMore Info
781-776-4012

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Aaron HuntleyHorvath & TremblayMore Info
781-776-4012

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.