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32463264
32463215

2 Locations

Carolina Realty Advisors
Listed by Carolina Realty Advisors
$523,900
26 days on market
Updated 26 days ago

University Ridge Office Condo Investment Package

Details
APN 04713151, 04713140
Property Type Office
Sub Type Traditional Office, Medical Office
Square Footage 1,984
Units 5
Cap Rate 6.86%
NOI $35,948
Occupancy 100%
Tenancy Multi
Lease Type Modified
Pro-Forma NOI $36,674
Class B
Year Built 2002
Buildings 2
Zoning Research Campus (RC)
Parking Spaces 5 per 1,000 sq ft
Investment Type Stabilized

Office | 1,984 SqFt

Marketing description

For sale are two tenant occupied office condos sold as an attractive investment property package. Located in the vibrant University City area, the properties are zoned Research Campus (RC) and offer ample parking with ±5 spaces per 1,000 SF. The strategic location near Interstate 85 ensures easy access to major transit routes and surrounding amenities. This property package is an ideal opportunity for investors or businesses seeking a well-located and flexible office space in a thriving business district.

1913-201 has been leased to a primary care physician practice since 2014 and 1905-104 has been leased to an IT staffing and consulting business since 2022. Both tenants have solid rent histories.

Investment highlights

Combined 2026 Proforma

Gross Income: $44,539

Expenses: $7,865.17

Net Operating Income: $36,673.83

2025 Combined Actuals

Income: $43,464.00

Expenses: $7,515.73

NOI: $35,948.27

2024 Combined Actuals

Income: $44,595.00

Expenses: $7,792.73

NOI: $36,802.27

Listing Contacts

Carolina Realty Advisors
Listed by Carolina Realty Advisors

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$35,948.27
$2,995.69/mo

Valuation Metrics

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DSCR
6.86%
Cap Rate
6.86%
ROI

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