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- LoopNet Team
694 Riverside Dr
Mount Airy, NC 27030
Office Property For Sale
PROPERTY FACTS
ABOUT 694 RIVERSIDE DR , MOUNT AIRY, NC 27030
This is a 2-building portfolio sale with one single tenant. The tenant in both locations is a large healthcare system . The buildings total 12,123 SF and have going in Cap Rate of 8.52%. The rents escalate 3% per year offering a final year cap rate of 9.32%. The tenant has been in the building for many years and in 2016 extended both locations with 5-year renewals. Both locations are in close proximity to each other and were renovated by Novant to meet Medicare Provider Based Standards. Mount Airy, NC and Galax, VA
PROPERTY TAXES
| Parcel Number | 5031-03-11-6380 | Improvements Assessment | $1,205,190 |
| Land Assessment | $34,650 | Total Assessment | $1,239,840 |
PROPERTY TAXES
