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5245 S College Rd
Wilmington, NC 28412
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Long term tenant in place.
- Great location.
EXECUTIVE SUMMARY
The S College Road Offering is a 4,886 square foot medical office facility situated on 1.36 +/- acres. The property is located in a superior location on S College Road in Monkey Junction and is currently occupied by long-term tenant, Medac, on a triple net lease. Built in 2001, the property has recently been upfit and is in excellent condition.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,886 SF
Building Class
B
Year Built
2001
Price
$2,300,000
Price Per SF
$470.73
Cap Rate
5.84%
NOI
$134,320
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,886 SF
Building FAR
0.08
Lot Size
1.39 AC
Zoning
B-2 - Business
Parking
30 Spaces (6.14 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | R07600-002-065-000 | Improvements Assessment | $1,074,100 |
| Land Assessment | $718,900 | Total Assessment | $1,793,000 |
PROPERTY TAXES
Parcel Number
R07600-002-065-000
Land Assessment
$718,900
Improvements Assessment
$1,074,100
Total Assessment
$1,793,000
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