40 Davis Straits - Medical FOR SALE


Falmouth, MA 02540
$3,957,317 USD
508-272-0585
40 Davis Straits, Falmouth, MA for Sale
$3,957,317 USD
Medical - FOR SALE
1/5
null | 6.15% Cap Rate

40 Davis Straits
Falmouth, MA 02540


OVERVIEW

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of CovenientMD | Falmouth, Massachusetts. This 5,099 SF asset has been 100% occupied by CovenientMD since 2018 with unmatched visibility along Rt 28 (Davis Straits) in the major retail node of Falmouth servicing the coastal communities of Cape Cod. Situated at 40 Davis Straits, the 5,099 square foot building was recently leased to ConvenientMD. The 15-year lease with CovenientMD was signed in 2017 with rent commencing on 11/6/2018. The lease includes four (4) five (5) year options. ConvenientMD is currently paying $243,375 with an upcoming increase of 11% in December 2028 and includes additional 11% rent escalations throughout each option period, hedging against inflation.

FOR SALE DETAILS

PRICE

$3,957,317 USD

PRICE/SF

$776 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ConvenientMD

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,490 SF

ZONING

B2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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