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28242559
28242558

1015 Hutton Ln, High Point, NC 27262

AF
NC 238303
DeLille | Field Commercial Real Estate
Listed by DeLille | Field Commercial Real Estate
$368,000
205 days on market
Updated 13 days ago

1015 Hutton Lane, Suites 107 & 108

Details
APN 6890521354
Property Type Office
Sub Type Executive Office, Traditional Office
Square Footage 2,400
Units 2
Cap Rate 7.17%
NOI $26,400
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Price per SqFt $153
Broker Co-Op Yes
Class B
Year Built 2001
Stories 1
Investment Type Stabilized
Tenant Credit No Credit Rating

Office Investment: Two Fully Leased End-Cap office Suites

Marketing description

Exceptional end-unit office condominium comprised of two combined suites totaling ±2,400 SF (approximately ±1,200 SF each). The space is efficiently built out with one restroom, break room, conference room, in one and one private office and open layout in the other. With non-load-bearing interior walls that allow for straightforward reconfiguration to meet a future user’s needs.

The property is currently 100% leased to two established tenants—a financial advisory firm and a real estate company—providing immediate in-place cash flow. Lease terms include a 5-year lease for the real estate tenant and an 18-month lease for the financial advisor. In-place NOI: $26,400.

Investment highlights

  • Two suites combined

  • Two (2) restrooms

  • Break room

  • Conference room

  • HVAC - Gas heat

  • Virtual Tour Link: https://my.matterport.com/show/?m=iG2tMhH46fR

  • Fully Leased: $26,400 NOI

Listing Contacts

AF
NC 238303
DeLille | Field Commercial Real Estate
Listed by DeLille | Field Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$26,400.00
$2,200.00/mo

Valuation Metrics

0
DSCR
7.17%
Cap Rate
7.17%
ROI

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Additional Information

Name
Alex Field
License
238303
Brokerage
DeLille | Field Commercial Real Estate
Brokerage Phone
3364420744
Title
Broker
Brokerage Address
410 West English Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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