Former medical office space under renovation and under a new 5-year lease available for an investor seeking strong returns with a high CAP rate of 8%. Full lease payment begins September 1, 2026. Tenant responsible for all property taxes, regime, and insurance costs. New tenant to use for medical education purposes once renovations are complete. Adjacent suite, 1300, is also under lease to same tenant and same lease terms. The building has an association and regime fee that covers most operating costs. Not included are condo insurance and interior janitorial. The association has modified the uses within the building to include other professional uses and some retail such as food service or some retail related to medical such as a pharmacy or eyewear. Lease shall be made available with acceptable offer.
Listing courtesy of Re/max Tattersall Group.