Three tenants: an internal medicine practice, a nephrology group, and a hearing aid/audiology clinic. All on NNN leases. Roof replaced 2024, several HVAC units replaced, some upgrades scheduled for near near future.
Desirable investment because experts estimate that medical office buildings generate a higher percentage of bonus depreciation than other investment types, typically in the 40% to 60% range. Buyers must confirm with their own tax professionals, but if the estimates are accurate, then based on an 80% improvement to total property ratio, first year bonus depreciation would be in the range of $896,000 to $1,344,000
Property Features
Listing Courtesy: Butler Evans Real Estate, Inc. - 205-310-3799