Medical Office For Sale, Fully Leased

Office for Sale
Sale Pending
Catylist Listing ID: 30374868
Property Subtypes: Medical
Status: Pending
Building Size (RSF): 16,162 SF
Gross Land Area: 1.57 Acres
Sale Price: $3,767,000
Unit Price: $233.08 PSF
Ceiling: 10 ft.
Property Use Type: Investment
Building Name: ECU Adult Specialty Care 2390 Hemby Lane
Class of Space: Class A
Usable Size (USF): 16,162 SF
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 100
Last Updated: 5/20/2019

Overview / Comments

This medical office is 100% leased to East Carolina University/ ECU Physicians a part of the Brody School of Medicine with the ECU Adult Specialty Care Practice. ECU Physicians has a 5 year gross modified lease executed in November 2017, with annual escalators and 5 one year options. Approximately $300,000 in interior renovations were completed in 2017 to host the Largest HIV Clinic east of Interstate 95 in NC. The practice provides primary HIV Medical care, mental health and substance abuse, case management, medication assistance and nutrition on site for 28 eastern NC Counties. Also on site is a Lab room, infusion center and clinical trial department for HIV and other infectious diseases.

Attachments & Media

Current Tenants

Tenant Business Name ECU Physicians part of the Brody School of Medicine
Is Renting? Yes

Additional Details

Nearest MSA: Greenville
County: Pitt
Taxing Authority: Pitt County
Tax ID/APN: 65263
Zoning: MO
Property Located Between: Arlington Blvd and WH. Smith Blvd
Property Visibility: Excellent
Highway Access: HYW 264
Airports: PGV
Site Description: This medical office building sits in the center of the medical office district on the corner of Hemby Ln and Herbert Ct. It is a 1.57 Acre lot right across the street from Vidant Medical Center Corporate offices. It is accompanied by two other ECU Physicians practices in the Herbert Ct. cul-de-sac.
Area Description: This is the heart of the medical district for Greenville NC with Several private practices as well as The Brody School of Medicine and Vidant Heath systems surround this medical office.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 2004
Year Renovated: 2017
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Custom brick exterior with wood column accents, separate entrances for patients and staff with 360 sidewalks around the building
Parking Type: Surface
Passenger Elevators: 1
Sprinklers: None
Air Conditioning: Engineered System
Interior Description: 16,162 interior square feet (floor plans provided in photos) that includes large spacious lobby/reception desk and nurses station with triage rooms. 12 active exam rooms, Lab, two nurses stations, refrigerator room, behavior health offices, pharmacy offices, clinical lab section, infusion room,12 bathrooms, break room, upstairs offices with teaching conference room, elevator, and plenty of storage
Zoning Description: Medical Office
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: Pitt Co. Opis tax # 65263, deed document 1316 279, map book 57-151

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,061 52,838 96,992
Median Age: 32.24 29.53 31.02
Households: 3,611 22,129 40,159
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.