Listed by Hewgley Commercial Real Estate
$11,250,000
ICONIC DOWNTOWN FAYETTEVILLE OFFICE
Details
APN 765-01848-000
Property Type Office
Sub Type Traditional Office
Square Footage 57,991
Net Rentable (SqFt) 49,473
Cap Rate 6.03%
NOI $678,000
Occupancy 76%
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Pro-Forma Cap Rate 6.89%
Pro-Forma NOI $775,000
Price per SqFt $194
Broker Co-Op Yes
Class B
Year Built 1963
Year Renovated 2020
Buildings 1
Stories 7
Acreage 0.220
Zoning MSC
Parking Spaces spaces
Investment Type Value Add
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange
Value Add with Long Term Adaptive Use
Marketing description
-ICONIC DOWNTOWN ASSET
-VALUE ADD BY MERELY LEASING UP; UNITS READY TO LEASE
-ONE OF THE SKYLINE JEWELS OF FAYETTEVILLE
-RIGHT ON THE HISTORIC SQUARE
-UNMATCHED VIEWS OF THE MOUNTAINS AND CITY
-STABLE INCOME WITH IMMEDIATE VALUE-ADD
-POSSIBLE ADAPTIVE REUSE INTO CONDOS OR HOTEL
Listing Contacts
Listed by Hewgley Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$678,000.00
$56,500.00/mo
Valuation Metrics
0
DSCR
6.03%
Cap Rate
6.03%
ROI
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