315 Commonwealth Av - Medical Office Building - Warwick

Office for Lease
Catylist Listing ID: 30294648
Property Subtypes: Medical, Office Building
Contiguous Space: 1,000 - 4,000 SF
Building Size (RSF): 4,000 SF
Gross Building Area: 6,000 SF
Gross Land Area: 4.26 Acres
Lease Rate: $13 PSF (Annual)
Base Monthly Rent: $1,083 - 4,333
Lease Types: NNN
Ceiling: 10 ft.
Class of Space: Class B
Last Updated: 11/17/2018

Overview / Comments

High quality first floor medical office space with spacious rooms. The building is situated in a tranquil semi-residential area rather than an institutional atmosphere so is ideal for counseling, pediatrics, and other medical uses. It is centrally located with easy access 1/4 mile to route 95 and also easy access to other routes 295, 113, 115 and 2.

Located around the corner from Kent County Hospital, CCRI and down the road is Trudeau Center which draws clients for special education & vocational training services.

Built in 2003. Hardwood floors. Exterior freshly repainted August 2018.

There is a doctor's office occupying the other part of the building that utilizes very little of the shared parking lot.

NNN expense estimate is $6.90 per foot per year which includes both NNN and most operating expenses even including proportionate gas and electric for the entire building (undivided service).

Secure long term 5 year lease plus renewal option. Low 2% annual escalators.

Attachments & Media

Expand All Available Space

Suite: 2 4,000 SF $13 PSF (Annual) NNN
Level/Floor: 1
Space Available: 4,000 SF
Minimum Divisible: 1,000 SF
Lease Rate: $13 PSF (Annual)
$1,083 - 4,333 (Monthly)
Lease Type: NNN
Space Description: Unit 2 is 3000' sf of available medical offices and in-suite bathrooms with optional 1000 sq foot portion if a larger space is preferred. Building was originally 2 units of 3000sf each. Right side of building is Unit 1 which was divided with 2000' sf occupied so 1000sf from Unit 1 can be joined to the 3000 sf Unit 2. Dimensions are nominal.
Space Subcategory: Medical, Office Building
Date Available: 10/1/2018
Lease Term: 120 Months
Space Type: Relet
Parking Spaces 30
Rent Escalators Step-Up Lease
Rent Escalators Description 2% escalator annually

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Taxing Authority: City of Warwick
Tax ID/APN: 260/0072/0000
Zoning: A15: MEDICAL OFFICE USE VARIANCE IN A15 RESIDENTIAL ZONE
Property Located Between: Routes 95, 295, 2, 113 & 115
Highway Access: 1/4 mile to highway. Quickly accessible to routes 95, 295, 113, 115, 2.
Airports: PVD -10 minutes
Area Description: Located around the corner from Kent County Hospital, CCRI and down the road is Trudeau Center which draws clients for special education & vocational traniing services.
Total Number of Buildings: 1
Typical SF / Floor: 6,000 SF
Year Built: 2003
Roof Type: Hip
Construction/Siding: Wood Frame, Wood Siding, Wood Shingle
Parking Ratio: 5 (per 1000 SF)
Parking Type: Surface
Parking Description: 30 surface parking spaces for the building (5 spaces per 1000sf).
Total Parking Spaces: 30
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Building was originally 2 units of 3000sf each. Right side was divided and 1000sf is remaining (2000sf is occupied). The 1000sf is joinable to the available left-side unit of 3000sf. The 3000 foot section is made up of several medical offices and bathrooms. Dimensions are nominal.
Zoning Description: A15 residential with variance for medical offices
Lot Frontage: 203
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,688 81,128 190,742
Median Age: 44.46 41.74 42.34
Households: 3,495 33,358 78,239

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