Mike Ciatto Acquires Single-Tenant Medical Office Building In Jamaica For $730K

The single-tenant medical office building located at 208-11 Hillside Avenue in Jamaica has been sold for $730,000. The property consists of 1,800 square feet, resulting in a price per square foot of $406. The transaction was completed with a capitalization rate of 6.6%.

Summary of transation details

• Property Type: Single-Tenant Medical Office Building
• Transaction Amount: $730,000
• Square Footage: 1,800
• Price Per Square Foot: $406
• Capitalization Rate: 6.6%
• Market: Jamaica

The seller of the property was Dave Schnapp, while the buyer was Mike Ciatto. The transaction was facilitated by Charlie Dupont from TeamPreuss.

Additionally, it is worth noting that there is a NNN 10-Year Lease Term remaining for the property.