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1242 West Shipley Ferry Road
Kingsport, TN 37663
Asking Price
$3.80M
Asset Type
Medical Office Office
Class
Class B
What's Special
8,800 SF Medical Office | Long-Term Tenant in Place <ul><li>Large reception/waiting room and 2 sub-waiting rooms</li><li>15 exam rooms, procedure room, lab, x-ray and IT room</li><li>5 nurses’ stations</li><li>5 physician offices</li><li>5 restrooms</li><li>Kitchen/break room</li><li>Spacious parking lot with 45 spaces & room for expansion</li><li>Built in 2021</li><li>Just off I-81, exit 59</li><li>Zoned B-3, Highway Oriented Business District</li></ul>
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NOI
$80,000
Cap Rate
2.11%
DSCR
0.35
Underwater
Cash-on-Cash
-12.77%
Monthly Payment
$18,800.327
Annual Cash Flow
$-145,603.92
