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1222 Medical Center Dr 7,445 SF Office Building Wilmington, NC 28401 $2,680,000 ($359.97/SF) 6.25% Cap Rate
Investment Highlights
- Institutional-grade net lease structure
- Passive ownership profile suitable for 1031 exchange buyers
- On-building and free-standing signage
- NNN lease eliminates landlord expense exposure
- Durable healthcare tenancy
Executive Summary
This Offering Memorandum presents an opportunity to acquire a 100%-leased, single-tenant medical office building in the dominant healthcare corridor of
Wilmington.
The Property is leased to Lumexa Imaging Holdings Inc., a scaled national imaging platform, under a long-term triple net (NNN) lease, providing passive,
durable cash flow with contractual growth.
Wilmington.
The Property is leased to Lumexa Imaging Holdings Inc., a scaled national imaging platform, under a long-term triple net (NNN) lease, providing passive,
durable cash flow with contractual growth.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
7,445 SF
Building Class
C
Year Built
1976
Price
$2,680,000
Price Per SF
$359.97
Cap Rate
6.25%
NOI
$167,513
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,445 SF
Building FAR
0.19
Lot Size
0.92 AC
Zoning
O&I - Office & Institutional
Parking
35 Spaces (4.7 Spaces per 1,000 SF Leased)
Amenities
- Signage
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R06010-009-002-000 | Improvements Assessment | $853,500 |
| Land Assessment | $440,000 | Total Assessment | $1,293,500 |
Property Taxes
Parcel Number
R06010-009-002-000
Land Assessment
$440,000
Improvements Assessment
$853,500
Total Assessment
$1,293,500
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1222 Medical Center Dr
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