905 Johns Hopkins Dr. Medical Office
Medical Office for Sale
Marketing description
905 Johns Hopkins Drive is a 20,458 SF medical office building located on a 4.35-acre site adjacent to ECU Health Medical Center and the Brody School of Medicine in Greenville, NC.
The property is fully leased to ECU Physicians, with rent backed by the State of North Carolina (AA- credit) and annual 2% escalations through February 2028.
ECU has formally notified ownership of its intent not to renew its lease upon expiration on February 29, 2028. Based on the current 2026 budget, the property is projected to generate $465,243.78 in gross rental income against estimated operating expenses of $107,973.12, resulting in a estimated net operating income (NOI) of $357,270.66.
This equates to approximately $17.46 per square foot in NOI and reflects an estimated 8.21% capitalization rate, offering investorsboth in-place cash flow and the potential to enhance returns through lease-up.
Investment highlights
• 20,458 SF single-tenant medical office building on 4.35 acres
• Adjacent to ECU Health Medical Center (970 beds) and Brody School of Medicine
• Lease backed by State of North Carolina (AA- creditrating)
• In-place rent of $22.81 PSF with 2% annual escalations
• Lease term through Feb-28 with known non-renewal
• Tenated by ECU HealthBehavioral Health Care -Outpatient Clinic
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