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729 Thimble Shoals Blvd - Building 6/7 - Condo 7B 2,505 SF Office Condo Unit Offered at $375,000 in Newport News, VA 23606

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INVESTMENT HIGHLIGHTS

Premium Office Condo located in Oyster Point, Newport News
Well Maintained Condo Association

Private Office Layout

EXECUTIVE SUMMARY

Roof replaced by Condo Association 2017 HVAC: 5 Ton oversized unit (New Compressor & Coils 2018 - $5,050) Currently Occupied – Leased through 12/31/2025 by Mumford Company at $4,000/mn (Tenant can vacate early) - Condo Fees $436.52 per month - Real Estate Taxes $1,911 Semi-Annually - Insurance: $1,709/yrt - HVAC preventative care $230/yr - Utilities | Cost: Electric $193/mn; Water $30/mn; Sewer $9/mn; Gas $216/mn

PROPERTY FACTS

Total Building Size	12,161 SF	Typical Floor Size	12,161 SF
Property Type	Office (Condo)	Year Built	1988
Property Subtype	Medical	Lot Size	0.28 AC
Building Class	B	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Floors	1
Zoning	C4 - C4 + Opportunity Zone

Total Building Size	12,161 SF
Property Type	Office (Condo)
Property Subtype	Medical
Building Class	B
Floors	1
Typical Floor Size	12,161 SF
Year Built	1988
Lot Size	0.28 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C4 - C4 + Opportunity Zone

24 Hour Access
Courtyard

Signage
Wheelchair Accessible

Reception
Air Conditioning

Smoke Detector

1 UNIT AVAILABLE

Unit 7B

Unit Size	2,505 SF	Condo Use	Office
Price	$375,000	Sale Type	Owner User
Price Per SF	$149.70	No. Parking Spaces	15

Unit Size	2,505 SF
Price	$375,000
Price Per SF	$149.70
Condo Use	Office
Sale Type	Owner User
No. Parking Spaces	15

DESCRIPTION

McManus Professional Park
Located in the center of Oyster Point Business District within walking distance to City Center
Built in 1988, Renovated 2014 | Premium Build Out
First Floor Office Condo with Kitchen, 2 bathrooms, private office layout

SALE NOTES

Roof replaced by Condo Association 2017;
HVAC: 5 Ton oversized unit (New Compressor & Coils 2018 - $5,050);
Currently Occupied – Leased through 12/31/2025 by Mumford Company at $4,000/mn (Tenant can vacate early);
- Condo Fees $436.52 per month;
- Real Estate Taxes $1,911 Semi-Annually;
- Insurance: $1,709/yrt;
- HVAC preventative care $230/yr;
- Utilities | Cost: Electric $193/mn; Water $30/mn; Sewer $9/mn; Gas $216/mn