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3611 Ramsey St
Fayetteville, NC 28311
Office Property For Sale
Investment Highlights
- 100% Leased- 2 NNN Tenants
- All Leases Provide 3% Annual Increases
- Over 67% of NOI From NYSE Listed Company
Executive Summary
Built in 1966 this former retail center now serves as a professional center with renovations in 2020. The location serves as a great example of adaptive reuse with large parking area and convenient access to the North side of Fayetteville. The building features a full sprinkler fire protection system, demised and divided utilities and spaces per tenant, a recent roof replacement. The renovation completed in 2020 included the facade upgrade, parking lot revitalization, full tenant upfit in over 50% of the center, and roof replacement.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Office
Building Size
83,041 SF
Building Class
B
Year Built/Renovated
1966/2020
Price
$9,000,000
Price Per SF
$108.38
Cap Rate
10.14%
NOI
$912,474
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
83,041 SF
Building FAR
0.34
Lot Size
5.60 AC
Zoning
CC - Fayetteville UDO Community Commercial (CC)
Parking
400 Spaces (4.82 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 0439-54-6695 | Improvements Assessment | $3,527,791 |
| Land Assessment | $444,434 | Total Assessment | $3,972,225 |
Property Taxes
Parcel Number
0439-54-6695
Land Assessment
$444,434
Improvements Assessment
$3,527,791
Total Assessment
$3,972,225
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