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Browse More Listings in Office For Sale, Charlotte, NC or North Carolina

Office Property For Sale

Park Cedar

10036 Park Cedar Dr, Charlotte, NC 28210

Price:
$2,250,000
Building Size:
10,000 SF
Price/SF:
$225
Property Type:
Office
Property Sub-type:
Medical Office
Additional Sub-types:
Office Building
Office-Business Park
Office Condo
Property Use Type:
Net Lease Investment with 3 years left on lease
Commission Split:
2%
Cap Rate:
7%
Occupancy:
100%
No. Stories:
1
Building Class:
A
Tenancy:
Multiple
Year Built:
2001
Lot Size:
1 AC
Tax ID / APN #:
22119226
Find Out More...

Last Verified 10/13/2009 Listing ID 15785784

Highlights

100% leased Class "A" Brick and Stucco Medical Office
Leased to Carolinas Medical Center & Carolina Respiratory
1/4 Mile from Carolinas Medical Center Pineville

Excelent 1031 Investment
3% Yearly Increases
Exit 62 on I-485 & Hwy 51 in Pineville, NC

Description

Class "A "Office & Tenant "Carolinas Medical Center Pineville" Sleep Study Lab Occupies 4500 SF and Carolina Respiratory Specialist Occupies 5500 SF of this Single story 10,000 SF 100% leased medical office building with exceptional floor plan and upfitting Lease runs 2006-2011 with 3% yearly increases and Two 5 year option to extend. Conveniently located with in a half mile from the Carolinas Medical Center Pineville....Easy access to I-485 and Hwy 51

The Hospital's current $174 million construction project calls for the construction of 285,000 square feet of space and the renovation of 50,000 square feet is the largest ever by the Charlotte-based health-care system.

Financial Summary

Major Tenant Information

Actual
Year
2007
Scheduled Gross Income
$222,072
Effective Gross Income
$176,376
Operating Expenses
$45,699
Net Operating Income
$160,824

Tenant	SF Occupied	Lease Expired
Carolina Medical Center Pineville	4,500	6/1/2011
Carolina Respiratory Specialists	5,500	6/1/2011

Map of 10036 Park Cedar Dr, Charlotte, NC 28210 (Mecklenburg County)

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Created 7/2/2008

Additional Information for 10036 Park Cedar Drive, Charlotte, NC 28210

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Office Property For Sale - Park Cedar

10036 Park Cedar Dr, Charlotte, NC, 28210