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