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3824 N Elm
Greensboro, NC 27455
Lake Jeanette Office Park · Office Property For Sale
·
21,425 SF
Investment Highlights
- Located within Lake Jeanette Office Park with direct access to I-840 and major interstates including I-40 and I-85.
- Interior space features high-end finishes and a functional layout designed for professional office operations.
- Ample on-site parking within an established professional office development ensures convenience for staff and clients.
- Fully leased to a single tenant with three years remaining on their lease term, supported by a personal guarantee.
- Positioned in a stable commercial corridor minutes from downtown Greensboro and Piedmont Triad International Airport.
Executive Summary
3824-102 N Elm Street is part of an office condominium park in north Greensboro, North Carolina, near the Greensboro Urban Loop (I-840). The property has direct highway accessibility to I-40, I-85, I-73, and I-74 and is within a short distance of Piedmont Triad International Airport. Surrounding uses include professional offices, retail centers, and residential communities, offering a mixed-use environment. The immediate location connects to multiple high-traffic arterial routes and supports strong regional commerce.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 5.97% |
| Sale Type | Investment |
| Cap Rate | 5.97% |
Sale Notes
This is an investment opportunity to acquire a fully occupied, single-tenant office condominium located within Lake Jeanette Office Park in Greensboro, North Carolina. The property benefits from a strong location with immediate access to the Greensboro Urban Loop (I-840), providing connectivity to Interstates 40, 85, and 73, as well as proximity to Piedmont Triad International Airport. This accessibility positions the asset in one of Greensboro’s most established office corridors.
The office condominium features high-quality interior finishes and a functional floor plan that supports a range of professional uses. With abundant parking and efficient site layout, the property delivers operational convenience for tenants and visitors alike. The current tenant, Carolina Pines Counseling Center, operates under a five-year lease with three years remaining and personal guarantee included, providing dependable income stability. Annual 3% rent escalations further bolster long-term revenue growth.
Surrounded by established neighborhoods and supported by strong regional demographics, this asset offers investors predictable cash flow, a professional tenant base, and a location poised for sustained demand within the Triad market area.
The office condominium features high-quality interior finishes and a functional floor plan that supports a range of professional uses. With abundant parking and efficient site layout, the property delivers operational convenience for tenants and visitors alike. The current tenant, Carolina Pines Counseling Center, operates under a five-year lease with three years remaining and personal guarantee included, providing dependable income stability. Annual 3% rent escalations further bolster long-term revenue growth.
Surrounded by established neighborhoods and supported by strong regional demographics, this asset offers investors predictable cash flow, a professional tenant base, and a location poised for sustained demand within the Triad market area.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 102 | 2,480 SF | Office | Upon Request | $32,152.27 |
Unit 102
| Unit Size |
| 2,480 SF |
| Condo Use |
| Office |
| Price |
| Upon Request |
| NOI |
| $32,152.27 |
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Unit 102
| Unit Size | 2,480 SF |
| Condo Use | Office |
| Price | Upon Request |
| NOI | $32,152.27 |
| Sale Type | Investment |
| Cap Rate | 5.97% |
| Sale Notes | |
| This is an investment opportunity to acquire a fully occupied, single-tenant office condominium located within Lake Jeanette Office Park in Greensboro, North Carolina. The property benefits from a strong location with immediate access to the Greensboro Urban Loop (I-840), providing connectivity to Interstates 40, 85, and 73, as well as proximity to Piedmont Triad International Airport. This accessibility positions the asset in one of Greensboro’s most established office corridors.<br> The office condominium features high-quality interior finishes and a functional floor plan that supports a range of professional uses. With abundant parking and efficient site layout, the property delivers operational convenience for tenants and visitors alike. The current tenant, Carolina Pines Counseling Center, operates under a five-year lease with three years remaining and personal guarantee included, providing dependable income stability. Annual 3% rent escalations further bolster long-term revenue growth.<br> Surrounded by established neighborhoods and supported by strong regional demographics, this asset offers investors predictable cash flow, a professional tenant base, and a location poised for sustained demand within the Triad market area.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 21,425 SF | Typical Floor Size | 15,265 SF |
| Property Type | Office (Condo) | Year Built | 2001 |
| Building Class | B | Lot Size | 0.41 AC |
| Floors | 2 | Parking Ratio | 6.77/1,000 SF |
| Zoning | CPDM - Neighborhood Commercial | ||
| Total Building Size | 21,425 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 15,265 SF |
| Year Built | 2001 |
| Lot Size | 0.41 AC |
| Parking Ratio | 6.77/1,000 SF |
| Zoning | CPDM - Neighborhood Commercial |
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Matterport 3D Exterior
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Street View
Street
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