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Veterinary Hospital 101 Bahama Rd 7,443 SF 100% Leased Office Building Bahama, NC 27503 $2,700,000 ($362.76/SF) 7.50% Cap Rate
Executive Summary
Veterinary Hospital property for sale on a beautiful 9.35-acre lot in Northern Durham County. There is a 5-year lease in place creating a cap rate over 7.5% cap rate but property could be developed for other purposes as well. Landlord's expenses are minimal and non-recurring, done for safety reasons (tree trimming) or to protect his investment (installing metal roof and repaving asphalt driveway). Showings are only available through listing Broker.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
7,443 SF
Year Built
2007
Price
$2,700,000
Price Per SF
$362.76
Cap Rate
7.50%
NOI
$202,500
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
7,443 SF
Zoning
RR - Rural Residential
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 191265 | Improvements Assessment | $1,286,544 |
| Land Assessment | $466,239 | Total Assessment | $1,752,783 |
Property Taxes
Parcel Number
191265
Land Assessment
$466,239
Improvements Assessment
$1,286,544
Total Assessment
$1,752,783
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Veterinary Hospital | 101 Bahama Rd
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