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2150 Herbert Ct
Greenville, NC 27834
Office Property For Sale


Investment Highlights
- Fully leased to ECU Pediatric Specialty Care, backed by East Carolina University and the State of North Carolina.
- Located within Greenville’s primary medical district near ECU Health Medical Center and Brody School of Medicine.
- Long-term lease in place through December 31, 2031, with annual 3% rent escalations.
Executive Summary
This single-tenant medical investment property is located in the heart of Greenville’s established medical district, offering a stable, long-term income opportunity. The property is fully leased to ECU Pediatric Specialty Care, a division of East Carolina University operating on behalf of the State of North Carolina, ensuring a strong credit-backed tenancy. The tenant has occupied the building since 2005 and recently extended its commitment, with the current lease expiring December 31, 2031.
The offering provides an attractive net operating income of $225,137 with annual rent escalations of 3%, creating predictable cash flow and built-in growth. The property sits on approximately 1.24 acres and features a well-maintained medical office facility with a standing seam metal roof. Landlord responsibilities include property taxes, insurance, and common area maintenance, while the tenant handles utilities and janitorial services.
Located in close proximity to ECU Health Medical Center and the Brody School of Medicine, the property benefits from strong demand drivers and proximity to a dense network of medical professionals. Greenville’s growing population and its role as a regional healthcare hub further enhance the long-term investment appeal of this asset.
The offering provides an attractive net operating income of $225,137 with annual rent escalations of 3%, creating predictable cash flow and built-in growth. The property sits on approximately 1.24 acres and features a well-maintained medical office facility with a standing seam metal roof. Landlord responsibilities include property taxes, insurance, and common area maintenance, while the tenant handles utilities and janitorial services.
Located in close proximity to ECU Health Medical Center and the Brody School of Medicine, the property benefits from strong demand drivers and proximity to a dense network of medical professionals. Greenville’s growing population and its role as a regional healthcare hub further enhance the long-term investment appeal of this asset.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
11,441 SF
Building Class
B
Year Built
2005
Price
$3,335,000
Price Per SF
$291.50
Cap Rate
6.75%
NOI
$225,137
Tenancy
Single
Building Height
1 Story
Typical Floor Size
11,441 SF
Building FAR
0.21
Lot Size
1.24 AC
Zoning
MO - Medical Office
Property Taxes
| Parcel Number | 066543 | Improvements Assessment | $1,877,361 |
| Land Assessment | $378,098 | Total Assessment | $2,255,459 |
Property Taxes
Parcel Number
066543
Land Assessment
$378,098
Improvements Assessment
$1,877,361
Total Assessment
$2,255,459
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