1664 Pond Fork Rd, Madison, WV 25130
9,407 SF | Office Building | Madison, WV 25130 | $1,351,965 ($144/SF) | 8% Cap Rate
For Sale
Active
5 pictures
Asking Price $1,351,965
- Property Type
-
Office
- Square Feet
- 9,407 SF
- Price / Square Foot
- $144
Listing Contacts
- Property Info
Property Overview
We are pleased to offer for sale this single-tenant government leased office building located at 1664 Pond Fork Road, Madison
(Boone County), West Virginia. The property consists of a 9,407 square foot office building that was developed in 1990 as a buildto-suit for the Mine Safety and Health Administration (MSHA). In 2012, the GSA made significant improvements that included 20
new phone lines, 28 new data lines, and connections to a new data patch panel. Shatter resistant window protection was added,
and a new secure gate opener with new entry and egress key pad. New carpet tiles and new ceiling grids and tiles were installed
throughout the facility . The front office was dry-walled and the entire facility was painted, including exterior and interior doors.
ADA approved doorknobs were also installed on all doors within the facility. There is a new 10 year lease renewal including 8 years
of firm term that commenced in June 2022, and GSA invested over $163,000 in tenant improvements again in 2021 for new paint
and carpeting. There were also restroom updates made including eight new high efficiency toilets. Starting in August 2023 to May
2024 there was an additional $60,000 invested to replace the rain gutter drains with schedule 40 PVC, new roof coating installed,
new HVAC units, LED lighting added and a new electronically locked back door.
The U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) works to prevent death, illness, and injury from
mining and promote safe and healthful workplaces for U.S. miners. MSHA carries out the provisions of the Federal Mine Safety
and Health Act of 1977 (Mine Act) as amended by the Mine Improvement and New Emergency Response (MINER) Act of 2006. The
Agency develops and enforces safety and health rules for all U.S. mines.
(Boone County), West Virginia. The property consists of a 9,407 square foot office building that was developed in 1990 as a buildto-suit for the Mine Safety and Health Administration (MSHA). In 2012, the GSA made significant improvements that included 20
new phone lines, 28 new data lines, and connections to a new data patch panel. Shatter resistant window protection was added,
and a new secure gate opener with new entry and egress key pad. New carpet tiles and new ceiling grids and tiles were installed
throughout the facility . The front office was dry-walled and the entire facility was painted, including exterior and interior doors.
ADA approved doorknobs were also installed on all doors within the facility. There is a new 10 year lease renewal including 8 years
of firm term that commenced in June 2022, and GSA invested over $163,000 in tenant improvements again in 2021 for new paint
and carpeting. There were also restroom updates made including eight new high efficiency toilets. Starting in August 2023 to May
2024 there was an additional $60,000 invested to replace the rain gutter drains with schedule 40 PVC, new roof coating installed,
new HVAC units, LED lighting added and a new electronically locked back door.
The U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) works to prevent death, illness, and injury from
mining and promote safe and healthful workplaces for U.S. miners. MSHA carries out the provisions of the Federal Mine Safety
and Health Act of 1977 (Mine Act) as amended by the Mine Improvement and New Emergency Response (MINER) Act of 2006. The
Agency develops and enforces safety and health rules for all U.S. mines.
Property Details
- Class
- C
- Year Built/Renovated
- 1981/2012
- Stories
- 1
- Lot Size (sq. ft)
- 608,969 SF
Highlights
- New 10 Year (8 Firm) Lease Renewal Commenced in June 2022
- GSA Lease (U.S. Government credit, AA+ S&P) – Mine Safety and Health Administration (MSHA)
- $60,000 Recently Invested for New Roof Coating, New HVAC Units, New PVC Gutter Drains, All LED Lighting and an Electronic Door Lock, and More
- GSA Invested Over $163,000 in Tenant Improvements For Paint and Carpet Upgrades in 2022
- 2022 Restroom Renovations, Roof Repairs & Replaced an HVAC Unit
- Seller Financing Available at 5% Interest Rate for Part of the Purchase
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