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The Wingate Building 4900 Koger Blvd 90,500 SF 63% Leased Office Building Greensboro, NC 27407 For Sale
INVESTMENT HIGHLIGHTS
- Located in Greensboro’s I-40 corridor with ±120,000 VPD
- 15-minute access to three major Triad cities and PTI Airport
- Monument, building, and digital signage visibility
- Positioned in a submarket benefiting from $7.1B in new investment
- Below replacement cost with strong leasing upside
- 465 parking spaces and three elevators for tenant convenience
EXECUTIVE SUMMARY
The Wingate Building at 4900 Koger Boulevard presents a compelling value-add investment opportunity in Greensboro’s high-growth Piedmont Triad International Airport submarket. This four-story, multi-tenant office asset spans nearly 97,000 square feet and sits on 7.75 acres with direct frontage along the I-40 corridor, offering visibility to approximately 120,000 vehicles per day. Built in 1998 and currently 63% leased to 10 tenants, the property features a weighted average lease term of 4.06 years and an average lease rate of $17.02/SF Full Service, positioning it well below market comparables and replacement cost.
The surrounding region is undergoing transformative economic expansion, with over $7.1 billion in announced investments and 21,200 new jobs tied to major projects including JetZero’s advanced manufacturing facility, Boom Supersonic’s Overtone Superfactory, and Toyota’s battery plant in nearby Liberty. These developments are expected to drive sustained demand for office space, particularly in well-located assets like Wingate.
Tenants benefit from exceptional access to I-40, I-85, I-73, the Greensboro Urban Loop (I-840), and Piedmont Triad International Airport, with downtown Greensboro, High Point, and Winston-Salem all within a 15-minute drive. The property offers monument, building, and digital directory signage, 465 parking spaces (5.06/1,000 SF), and elevator service via two passenger and one freight elevator.
With minimal competing multi-tenant office construction in the pipeline, Wingate is well-positioned to capture leasing momentum and deliver strong upside through strategic lease-up and repositioning. The Greensboro MSA’s population growth, business climate, and household income levels further reinforce the long-term investment appeal of this asset.
The surrounding region is undergoing transformative economic expansion, with over $7.1 billion in announced investments and 21,200 new jobs tied to major projects including JetZero’s advanced manufacturing facility, Boom Supersonic’s Overtone Superfactory, and Toyota’s battery plant in nearby Liberty. These developments are expected to drive sustained demand for office space, particularly in well-located assets like Wingate.
Tenants benefit from exceptional access to I-40, I-85, I-73, the Greensboro Urban Loop (I-840), and Piedmont Triad International Airport, with downtown Greensboro, High Point, and Winston-Salem all within a 15-minute drive. The property offers monument, building, and digital directory signage, 465 parking spaces (5.06/1,000 SF), and elevator service via two passenger and one freight elevator.
With minimal competing multi-tenant office construction in the pipeline, Wingate is well-positioned to capture leasing momentum and deliver strong upside through strategic lease-up and repositioning. The Greensboro MSA’s population growth, business climate, and household income levels further reinforce the long-term investment appeal of this asset.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
90,500 SF
Building Class
B
Year Built
1999
Percent Leased
63%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
22,625 SF
Slab To Slab
13’
Building FAR
0.27
Lot Size
7.75 AC
Zoning
CCP - Neighborhood Commercial (NC) district, which is a type of commercial zoning district.
Parking
460 Spaces (5.08 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Controlled Access
- Property Manager on Site
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Fl-Ste 125
- 2,054 SF
- Office/Medical
- Full Build-Out
- Now
- 2nd Fl-Ste 200
- 6,655 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 201
- 8,455 SF
- Office
- Partial Build-Out
- Now
Floor plan offers good flexibility with mix of private offices and collaborative work areas.
- 3rd Fl-Ste 300
- 17,467 SF
- Office
- Partial Build-Out
- Now
Perimeter offices, conference rooms, break room
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 125 | 2,054 SF | Office/Medical | Full Build-Out | Now |
| 2nd Fl-Ste 200 | 6,655 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 201 | 8,455 SF | Office | Partial Build-Out | Now |
| 2nd Fl-Ste 220 | 2,830 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 300 | 17,467 SF | Office | Partial Build-Out | Now |
| 4th Fl-Ste 425 | 8,142 SF | Office | Full Build-Out | Now |
1st Fl-Ste 125
| Size |
| 2,054 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 200
| Size |
| 6,655 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 201
| Size |
| 8,455 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 220
| Size |
| 2,830 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 300
| Size |
| 17,467 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
4th Fl-Ste 425
| Size |
| 8,142 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 220
| Size | 2,830 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Floor plan offers good flexibility with mix of private offices and collaborative work areas.
4th Fl-Ste 425
| Size | 8,142 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Perimeter offices, conference rooms, break room
PROPERTY TAXES
| Parcel Number | 0074447 | Improvements Assessment | $10,732,100 |
| Land Assessment | $784,300 | Total Assessment | $11,516,400 |
PROPERTY TAXES
Parcel Number
0074447
Land Assessment
$784,300
Improvements Assessment
$10,732,100
Total Assessment
$11,516,400
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The Wingate Building | 4900 Koger Blvd
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