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Description

A 5.8% partnership interest in Building 1 of the Fort Sanders West campus is for sale. The property consists of a 2,443 square foot suite in a 49,900 square foot gross, 42,091 square foot net,three story medical office building on 2.7 acres of leased ground. Owner/Tenant of suite 101 currently pays the partnership $3,664.50 per month which covers prorata share of all operating expenses, debt service, ground lease and reserves. Loan balance ($847,120 - 4/1/2012) is fully amoritized 2/01/2015 increasing owner's equity by an additional $49,133. Assignable debt to purchaser as of 4/1/2012 is $49,133. See attached amortization schedule for additional information. Building price details: $370,000.

Property Details

• Type: Office
• Status: Available
• Year Built: 1988
• Buildings: 1

Map Locations