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Independence Pointe Parkway 10610 Independence Pointe Pky 5,250 SF 100% Leased Office Building Matthews, NC 28105 $1,600,000 ($304.76/SF) 5.98% Cap Rate
EXECUTIVE SUMMARY
Fully leased 5,512 sq. ft. building.
Tenants pay their own utilities and janitorial:
$1,600,000.
New roof included, parking lot recently upgraded with new asphalt, and Unit A completely remodeled by dental group. Street work to be done by NCDOT.
This is an office condo building with three units, but the demarcations have been changed over the years and the current units do not correspond to the original office condos. Treat it as one building with three units.
SEE FLYER FOR FULL DETAILS, EXPENSES, AND NOI
Tenants pay their own utilities and janitorial:
$1,600,000.
New roof included, parking lot recently upgraded with new asphalt, and Unit A completely remodeled by dental group. Street work to be done by NCDOT.
This is an office condo building with three units, but the demarcations have been changed over the years and the current units do not correspond to the original office condos. Treat it as one building with three units.
SEE FLYER FOR FULL DETAILS, EXPENSES, AND NOI
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
5,250 SF
Building Class
B
Year Built
1992
Price
$1,600,000
Price Per SF
$304.76
Cap Rate
5.98%
NOI
$95,755
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,250 SF
Building FAR
0.04
Lot Size
2.99 AC
Zoning
B-1 - neighborhood business conditional zoning district. It allows for commercial and mixed-use
Parking
35 Spaces (6.67 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,262,400 | |
| Land Assessment | $0 | Total Assessment | $1,262,400 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$1,262,400
Total Assessment
$1,262,400
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Independence Pointe Parkway | 10610 Independence Pointe Pky
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