Student Center & Industrial Building 2 Properties in Greensboro, NC



INVESTMENT HIGHLIGHTS
- The area boasts a growing residential community, including roughly 45,000 college and university students across four campuses
- At closing, Greensboro College will execute brand new, 10-year NNN leases
- 501 Guilford boasts a floor area ratio of 7%, providing investors with the flexibility to repurpose the site and optimize use
- A future Downtown Greenway route is under construction immediately adjacent to 501 Guilford Avenue
- Reynolds Center serves as Greensboro College's recreation and fitness center
EXECUTIVE SUMMARY
CBRE is pleased to offer for sale the 63,758-square-foot Reynolds Family Student Life Center and 501 Guilford Avenue—a 11,688-square-foot industrial building—situated on 8.75 total acres within Greensboro College's campus in Downtown Greensboro. At closing, Greensboro College will execute brand new, 10-year NNN leases with 2% annual rent increases throughout the term and in each of the two 10-year renewal options. Currently utilized by Greensboro College, Reynolds Center is located on a hard corner at the signalized intersection of Tate Street and West Market Street (12,500 VPD) and serves as the college's recreation and fitness center, while 501 Guilford Avenue is two blocks north of Greensboro College's main campus and is used by Greensboro College's Department of Theatre for the fabrication and storage of its theatre sets. The offering presents investors with a 2-property sale-leaseback opportunity in Downtown Greensboro, which is involved in a comprehensive plan to reshape the future of Downtown by 2030 by focusing on arts and creativity, improving walkability and pedestrian experience, easy access connections to Downtown destinations, building on the success of the Greenway pedestrian/bike path, and growing jobs and the economy through entrepreneurship.
PROPERTY FACTS
Sale Type | Investment |
Status | Active |
Number of Properties | 2 |
Individually For Sale | 0 |
Total Building Size | 98,292 SF |
Total Land Area | 8.74 AC |
PROPERTIES
PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
---|---|---|---|---|
501 Guilford Ave, Greensboro, NC 27401 | Industrial | 11,688 SF | 1971 | - |
1015 W Friendly, Greensboro, NC 27403 | Specialty | 86,604 SF | - | - |
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