Investment Opportunity Medical Office Surgical

Office for Sale
Catylist Listing ID: 30333527
Property Subtypes: Institutional, Medical, Office Building
Building Size (RSF): 10,146 SF
Gross Land Area: 2.25 Acres
Sale Price: $2,500,000
Unit Price: $246.40 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Greenville Plastic Surgery
Class of Space: Class A
Usable Size (USF): 10,146 SF
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: 7.1%
Average Occupancy Rate: 100
Last Updated: 10/16/2018

Overview / Comments

Excellent Investment Opportunity. Greenville Plastic Surgery is the tenant with a new 7 year NNN lease with two 5 year options. A full cosmetic surgical office located in an established medical park close to Vidant Surgicenter and Vidant Medical Center. Go to www.greenvilleplastic.com for a full list of all major and minor procedures performed. This office includes 1 operating room, 2 minor operating rooms, pre-op, recovery, 4 exam rooms, large reception area and lobby, Esthetician suite, 2 consult rooms, 10 offices; 7 downstairs and 3 upstairs, elevator, fitness room, full kitchen plus break room, in house laundry room, board room upstairs, family waiting room and large nurses station. Please contact agent for additional information.

Financials

Finance Data Year 2018
Tax Value Land $1,315,715
Net Operating Income $177,500 (Annual)

Current Tenants

Tenant Business Name Greenville Plastic Surgery

Additional Details

Nearest MSA: Greenville
County: Pitt
Taxing Authority: Pitt Co.
Tax ID/APN: 59386
Zoning: MO
Property Located Between: Allen Rd and Stantonsburg Rd
Property Visibility: Good
Highway Access: .25 miles from Highway 264
Airports: 3.5 miles from PGV
Site Description: The building hosting Greenville Plastic Surgery is nestled in the high trees on Spring Forest Road off of Bethesda Drive medical district. Discrete and well maintained landscaping to enhance the privacy for some patients and the tranquility for these type of procedures. The building sits on 2.25 acres with private drive and plenty of surface parking.
Area Description: Located in the medical district of Greenville North Carolina, on Spring Forest Road. it is just off off Stantonsburg Road, HWY 264 and 4 miles from Pitt Greenville Airport.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1995
Year Renovated: 2005
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Custom Brick, very well maintained and full landscaping, exterior port cochere plenty of surface parking private driveway
Parking Type: Surface
Passenger Elevators: 1
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Spacious and well appointed medical office space, 10 foot ceilings throughout the office and 12 foot ceilings at the landing at the entrance. full renovation in 2005.
Zoning Description: Medical Office
Part of Planned Development?: Yes
Lot Frontage: 229 feet
Lot Depth: 405 feet
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: Parcel 59386, Deed Document 854 302 Map Book 49-144

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,686 42,493 91,692
Median Age: 29.97 30.79 31.36
Households: 3,185 18,023 38,013
The information presented herein is provided as is, without warranty of any kind. Neither Cape Fear REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.