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124 Samaritans Ridge Rd 8,221 SF Office Building Elkin, NC 28621 $2,050,000 ($249.36/SF) 7.35% Cap Rate
Investment Highlights
- Additional Lots Sold Separately (1.23 & 2.00 Acres)
- Proximity to Hugh Chatham Memorial Hopsital, I-77 & US-421
Executive Summary
Opportunity to own a well-located and well-maintained ±8,221 SF medical building in Elkin, North Carolina. Established, successful pediatric and family medicine practice occupies the building, which is only 2 minutes from Hugh Chatham Memorial Hospital. Peaceful professional office park setting. The property is well-maintained, 5 minutes from I-77 and convenient to US-421. Features a generator and 51 parking spaces. Additional development lots can be purchased separately. The remaining Lease Term is 5 years and 4 months.
Cap rate of 7.35%
Cap rate of 7.35%
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,221 SF
Building Class
B
Year Built/Renovated
2000/2012
Price
$2,050,000
Price Per SF
$249.36
Cap Rate
7.35%
NOI
$150,675
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,221 SF
Building FAR
0.13
Lot Size
1.40 AC
Zoning
MA
Parking
51 Spaces (6.2 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Elkin Pediatric and Adult Medicine
- Health Care and Social Assistance
- -
- -
- Oct 2031
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Elkin Pediatric and Adult Medicine | Health Care and Social Assistance | - | - | Oct 2031 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 4961-01-09-8382 | Improvements Assessment | $957,880 |
| Land Assessment | $144,380 | Total Assessment | $1,102,260 |
Property Taxes
Parcel Number
4961-01-09-8382
Land Assessment
$144,380
Improvements Assessment
$957,880
Total Assessment
$1,102,260
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Contact the Sale Advisor
124 Samaritans Ridge Rd