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390 W Salem Ave 9,712 SF Office Building Winston-Salem, NC 27101 $3,425,000 ($352.66/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Great Location
- 100% leased to a strong-credit medical tenant
- First-year NOI of $206,551 provides stabilized income
- Ample Parking Available
- Parent company Novant Health rated AA- by S&P Global
- Located in Winston-Salem, Novant Health’s headquarters city
EXECUTIVE SUMMARY
• 100% Leased Medical Office Building
• Strong credit tenant
• Tenant’s Parent Company (Novant Health, Inc.) has a AA-Credit rating with S&P Global
• Located in Winston-Salem, NC, headquarters of Novant Health, Inc.
• Stabilized NOI for Year ending March 31, 2026 of $205,564
• Less than 4 miles to Novant Health Forsyth Medical Center
• Strong credit tenant
• Tenant’s Parent Company (Novant Health, Inc.) has a AA-Credit rating with S&P Global
• Located in Winston-Salem, NC, headquarters of Novant Health, Inc.
• Stabilized NOI for Year ending March 31, 2026 of $205,564
• Less than 4 miles to Novant Health Forsyth Medical Center
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
9,712 SF
Building Class
A
Year Built
2007
Price
$3,425,000
Price Per SF
$352.66
Cap Rate
6%
NOI
$205,584
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,712 SF
Building FAR
0.77
Lot Size
0.29 AC
Zoning
PB-S
Parking
20 Spaces (2.06 Spaces per 1,000 SF Leased)
1 1
Bike Score®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 6835-20-7749 | Improvements Assessment | $1,964,900 |
| Land Assessment | $162,600 | Total Assessment | $2,127,500 |
PROPERTY TAXES
Parcel Number
6835-20-7749
Land Assessment
$162,600
Improvements Assessment
$1,964,900
Total Assessment
$2,127,500
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390 W Salem Ave
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