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20994697
20994711

2609 W Arlington Blvd, Greenville, NC 27834

JM
NC 225875
Mullarkey Real Estate Group
Listed by Mullarkey Real Estate Group
$525,000
562 days on market
Updated 8 days ago

2609 West Arlington, Suite 100

Details
APN 86378
Property Type Office
Sub Type Traditional Office
Square Footage 2,900
Cap Rate 9.14%
NOI $48,000
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 3
Lease Expiration 04/01/2028
Remaining Term 1.8
Lease Options (2) 3 year options
Pro-Forma Cap Rate 10.48%
Pro-Forma NOI $55,000
Price per SqFt $181
Broker Co-Op Yes
Class A
Year Built 2019
Buildings 1
Stories 1
Zoning office
Parking Spaces 10 spaces
Parking Per SqFt 3.45
Tenant Credit No Credit Rating
Lease Commencement 04/01/2025
Occupancy Date 04/01/2025
Ownership Venture Partners III

INCREDIBLE OFFICE SUITE IN GREENVILLE!

Marketing description

Incredible office suite situated in the Addison Place office development. Just minutes from ECU Health’s campus. This office suite is furnished with a custom furniture package that was seldom if ever used (it looks and smells brand new with virtually no signs of wear)

Highly efficient layout with two conference rooms, secure lobby/reception area, cube farm, 2 lavatories, tons of storage, 5 executive offices, dedicated break room with kitchenette, rear egress/ingress, front and rear parking.

This building is leased through April 2028 to a solid business with over 8 years of history. Purchase this property and enjoy a passive income stream. With its core medical district location, strong growth of Greenville and building prices increasing every year this makes for a solid real estate investment.

Investment highlights

  • 2848 square feet

  • 5 executive offices

  • Secure lobby area

  • Huge conference room

  • Group meeting room

  • Cubicle area

  • 2 lavatories

  • Ample storage space

  • Dedicated kitchenette/breakroom

  • Front and rear parking

Listing Contacts

JM
NC 225875
Mullarkey Real Estate Group
Listed by Mullarkey Real Estate Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$48,000.00
$4,000.00/mo

Valuation Metrics

0
DSCR
9.14%
Cap Rate
9.14%
ROI

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