Investment Opportunity Medical Office

Office for Sale
Sale Pending
Also listed as Business Opportunity
Catylist Listing ID: 30289400
Property Subtypes: Medical
Status: Pending
Building Size (RSF): 5,966 SF
Gross Building Area: 6,017 SF
Gross Land Area: 0.26 Acres
Sale Price: $1,443,465
Unit Price: $241.95 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Vidant Internal Medicine
Class of Space: Class B
Usable Size (USF): 5,966 SF
Sale Terms: Cash to Seller
Cap Rate: 7.5%
Average Occupancy Rate: 100
Last Updated: 10/16/2018

Overview / Comments

Incredible Investment Opportunity. Vidant Medical Group is tenant with brand new 5 year NNN Lease with option to renew, and CAM reimbursement. All new Technology platform and upgraded Cat 5 and WiFi networks. This office boasts 8 Exam rooms, Laboratory, Nurses Station, Reception, Conference room, Break Room, 5 Offices and 6 bathrooms. Building is one of several in a professional medical complex.

Financials

Finance Data Year 2017
Tax Value Land $194,586
Tax Value Improvements $799,538
Tax Value Personal Property $6,510
Assessed Value - Total($) $1,000,634 (Annual)
Net Operating Income $108,276 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name Vidant Medical Group
Is Renting? Yes
SF of Space Occupied 5,966 SF
Current Rent $17 PSF (Annual)

Additional Details

Nearest MSA: Greenville
County: Pitt
Taxing Authority: Pitt County
Tax ID/APN: 65173
Zoning: MO
Property Located Between: Arlington Blvd and Emerald Place
Property Visibility: Excellent
Highway Access: HWY 264, HWY 43
Airports: PGV
Site Description: Conveniently located on Emerald Place just off of Arlington Blvd. with a second entrance off of Hemby lane. Located in Emerald Place Professional Park, Excellent landscaping and common area gazebo.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,966 SF
Year Built: 2002
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Beautiful brick building with gable roof, white columns in the front entrance, excellent landscaping with plenty of parking and ease of ingress and egress. Well maintained common areas, sidewalks and accessible areas.
Parking Type: Surface
Parking Description: The building is in a medical professional park with plenty of 360 degree communal parking and drive ways.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: DSL, ISDN
Interior Description: Spacious reception and lobby with multi level ceilling and 2 restrooms. After reception the office contains 9 foot ceilings, 3 triage stations 8 exam rooms, 4 restrooms, a lab room, proceedure room, x-ray area, nurses station, 5 offices, board room and a team member break room
Zoning Description: Medical office, in a medical office development
Part of Planned Development?: Yes
Lot Frontage: 106'
Lot Depth: 93'
Water Service: Municipal
Sewer Type: Municipal
Easements Description: None
Land Ownership: owned
Legal Description: Map Book 57-78, Parcel number 65173

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,586 54,238 96,992
Median Age: 33.06 29.67 31.02
Households: 3,934 23,016 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.