Listed by Christopher Commercial LLC - Cindy Christopher
$4,950,000
Medical Income Property for Sale
Details
Property Type Office
Sub Type Medical Office
Square Footage 21,900
Net Rentable (SqFt) 20,408
Cap Rate 6.92%
NOI $342,336
Occupancy 100%
Tenancy Multi
Lease Type Modified
Price per SqFt $226
Class B
Year Built 1987
Year Renovated 2020, 2023
Buildings 1
Stories 2
Acreage 2.000
Investment Type Sale/Leaseback
Ground Lease No
Fully leased to 4 tenants; conveniently located
Marketing description
This two-story medical office building offers 20,408 SF of leasable space within a 21,900 SF gross building area on an approximately 2-acre site with 113 parking spaces. Built in 1987, the property is fully leased to four medical tenants, providing stable in-place income. Ideally located near Novant Medical Center and Atrium Wake Forest Baptist Health, the asset benefits from strong healthcare demand. The property generates an NOI of $342,336.39, reflecting a 6.9% cap rate. Contact the broker to receive the full Offering Memorandum, including detailed income and expense information.
- 20,408 leaseable sq; 21,900 SF of gross building area
- Built in 1987
- Approximately 2 acre site with 113 parking spaces
- Two-story medical building; fully leased with 4 tenants
- Close to Novant Medical Center & Atrium Wake Forest Baptist Health
- NOI: $342,336.39
- Cap rate: 6.9%
- Contact Broker for an offering memorandum with income and expenses
Investment highlights
- 20,408 leaseable sq; 21,900 SF of gross building area
- Built in 1987
- Approximately 2 acre site with 113 parking spaces
- Two-story medical building; fully leased with 4 tenants
- Close to Novant Medical Center & Atrium Wake Forest Baptist Health
- NOI: $342,336.39
- Cap rate: 6.9%
- Contact Broker for an offering memorandum with income and expenses
Listing Contacts
Listed by Christopher Commercial LLC - Cindy Christopher
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$342,336.39
$28,528.03/mo
Valuation Metrics
0
DSCR
6.92%
Cap Rate
6.92%
ROI
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