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2-Tenant MOB | Hospital Adj | Duke Lifepoint 1915 K M Wicker Memorial Dr 6,076 SF Office Building Sanford, NC 27330 $1,060,983 ($174.62/SF) 7.25% Cap Rate



INVESTMENT HIGHLIGHTS
- Favorable Asset Class: Medical office properties historically exhibit strong tenant retention, above-average rental rates, and durable appreciation
- Recent Capital Improvements: Comprehensive HVAC replacement, new metal roof, and expanded parking lot in recent years
- Below Replacement Cost: Priced at $174 per square foot, the asset offers a compelling value proposition
- Tenant Affiliation: 47% of the GLA is occupied by the Duke LifePoint affiliated tenant known as Central Carolina Sports & Orthopedic Medicine
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License # C38369 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
Kyle Matthews
License # C38369 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
6,076 SF
Building Class
B
Year Built
1999
Price
$1,060,983
Price Per SF
$174.62
Cap Rate
7.25%
NOI
$76,921
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,038 SF
Building FAR
0.21
Lot Size
0.66 AC
Zoning
OI
1 1
PROPERTY TAXES
| Parcel Number | 9642-35-2557-00 | Improvements Assessment | $880,300 |
| Land Assessment | $56,600 | Total Assessment | $936,900 |
PROPERTY TAXES
Parcel Number
9642-35-2557-00
Land Assessment
$56,600
Improvements Assessment
$880,300
Total Assessment
$936,900
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2-Tenant MOB | Hospital Adj | Duke Lifepoint | 1915 K M Wicker Memorial Dr
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