Skip to main content

Single-Tenant Office

Mine Safety & Health Administration (GSA) | New 10-Year (8-Years Firm) Lease | $163k in TI

1664 Pond Fork Rd, Madison, WV 25130

Listing Price: $1,407,303

Cap Rate
7.75%
Gross SF
9,407
Rentable SF
9,407
Price/Gross SF
$149.60
Lot Size
13.98 acres
Year Built
1981

Investment Overview

Marcus & Millichap is pleased to bring to market the Mine Safety & Health Administration (GSA) Office, located in Madison, West Virginia.

Investment Highlights

  • New 10-Year (Eight Years Firm) Lease Renewal Commenced in June 2022
  • GSA Lease (U.S. Government credit, AA+ S&P) – Mine Safety and Health Administration (MSHA)
  • $14,500 Recently Invested for New PVC Gutter Drains and an Electronic Door Lock, Installed in August 2023 | GSA Invested Over $163,000 in Tenant Improvements For Paint and Carpet Upgrades in 2022
  • 2022 Restroom Renovations, Roof Repairs and Replaced an HVAC Unit
  • Strong Fit for Renewal and 10 (Eight) Lease Allowed GSA to Accept this via AAAP, Thus Expediting Procurement and Avoiding GSA's Typical Ad and Survey Lease Acquisition Process
  • ADA Approved Facility
  • MSHA Develops and Enforces Safety and Health Rules for All USMining Operations

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s) WV0019009

    West Virginia

Financing By

Single-Tenant Office

Mine Safety & Health Administration (GSA) | New 10-Year (8-Years Firm) Lease | $163k in TI

Listing Price: $1,407,303

Cap Rate
7.75%
Gross SF
9,407
Rentable SF
9,407
Price/Gross SF
$149.60
Lot Size
13.98 acres
Year Built
1981

Investment Highlights

  • New 10-Year (Eight Years Firm) Lease Renewal Commenced in June 2022
  • GSA Lease (U.S. Government credit, AA+ S&P) – Mine Safety and Health Administration (MSHA)
  • $14,500 Recently Invested for New PVC Gutter Drains and an Electronic Door Lock, Installed in August 2023 | GSA Invested Over $163,000 in Tenant Improvements For Paint and Carpet Upgrades in 2022
  • 2022 Restroom Renovations, Roof Repairs and Replaced an HVAC Unit
  • Strong Fit for Renewal and 10 (Eight) Lease Allowed GSA to Accept this via AAAP, Thus Expediting Procurement and Avoiding GSA's Typical Ad and Survey Lease Acquisition Process
  • ADA Approved Facility
  • MSHA Develops and Enforces Safety and Health Rules for All USMining Operations

Investment Overview

Marcus & Millichap is pleased to bring to market the Mine Safety & Health Administration (GSA) Office, located in Madison, West Virginia.

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s): WV0019009

    West Virginia

Financing By

MM Texture Background
MM Textured Background Lower