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6 Property Medical Office Portfolio 5402 W Market St 6,436 SF Retail Building Greensboro, NC 27409 $15,600,000 ($2,423.87/SF) 6.05% Cap Rate
Executive Summary
? Six (6) Net Leased Medical Office Properties Portfolio with Strong Tenants
? 6.62% Cash-on-Cash Return with Existing Loan in Place
? Assumable Loan with an Interest Rate of 3.92% and a Remaining Balance of $9,338,500 | 30 Year Amortization Loan Maturing on 10/08/2031
? Weighted Average Lease Term of ±5.65 Years (Centura Health Site Has ±11.4 Years Remaining)
? Attractive Rental Increases Across All Properties
? Corporately Guaranteed by Large and Renowned Health Care Companies
? 6.62% Cash-on-Cash Return with Existing Loan in Place
? Assumable Loan with an Interest Rate of 3.92% and a Remaining Balance of $9,338,500 | 30 Year Amortization Loan Maturing on 10/08/2031
? Weighted Average Lease Term of ±5.65 Years (Centura Health Site Has ±11.4 Years Remaining)
? Attractive Rental Increases Across All Properties
? Corporately Guaranteed by Large and Renowned Health Care Companies
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,436 SF
Building Class
B
Year Built/Renovated
1990/1998
Price
$15,600,000
Price Per SF
$2,423.87
Cap Rate
6.05%
NOI
$944,425
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
3.93 AC
Zoning
C-M - Commercial - medical office
Parking
35 Spaces (5.44 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0042161 | Improvements Assessment | $788,900 |
| Land Assessment | $1,711,900 | Total Assessment | $2,500,800 |
Property Taxes
Parcel Number
0042161
Land Assessment
$1,711,900
Improvements Assessment
$788,900
Total Assessment
$2,500,800
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6 Property Medical Office Portfolio | 5402 W Market St
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