Investment Sale Opportunity- Fully Leased 3,510 +/-SF Office-

Office for Sale
Catylist Listing ID: 30466499
Property Subtypes: Business Park, Office Building
Building Size (RSF): 3,510 SF
Gross Land Area: 2.61 Acres
Sale Price: $615,500
Unit Price: $175.36 PSF
Ceiling: 8 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Brunswick Medical Campus
Class of Space: Class A
Usable Size (USF): 3,510 SF
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Average Occupancy Rate: 100
Last Updated: 3/27/2020

Overview / Comments

OFFERING SUMMARY: Leased By Novant Health
Terms: Cash To Seller Lease Commencement: August 1, 2019
Base Rent: $4,095.00 Lease Expiration: September 14th, 2024
Annual N.O.I: $49,240.00 Options: Two (2)-Three (3)-year options
CAP Rate: 8 Lease Type: Triple Net
Lot Size: 2.61 Rent Increases: 2%
Building Size: 40,000 +/- SF Built: 2004
Water/Sewer: Municipal TICAM: Paid by Tenant

Tenant Pays: TICAM Charges- Cable, Electric, Interior building maintenance, Janitorial,
Liability Ins, HVAC maintained.

Class A-2nd floor Medical Office with 3,510 +/- SF. This unit is located in the Brunswick Medical Campus building in Brunswick County NC which is ranked 4th fastest growing county in the Country.

This 3,510 +/- SF space is leased by Novant Health Pediatrics office and is built out with 20 +/- rooms. Rooms include 3 doctors offices, 8 exam rooms, 2 waiting rooms, reception, file room, Break Room, Procedure Room, (2) Bathrooms and (1) Bathroom with a shower. Spacious rooms for supplies/office storage and windows throughout. Easy elevator access, lobby, stairway and conference room.

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Taxing Authority: Brunswick County
Tax ID/APN: 1680005521
Zoning: C-LD
Property Located Between: Hwy 17 just south of intersection of Hwy 211
Highway Access: Located on HWY 17 South, .5 Mile from HWY 211 interchange.
Airports: ILM and MYR
Site Description: (4) Four Office Buildings on nearly 11 +/- Acres. Co Tenants include Pediatrics, Dentist, Orthopedics, Physical Therapy, and Allergy specialist.
Area Description: This area is part of the second-fastest growing metro area in the country, according to the US Census Bureau and this site is located in the heart of it all.
Total Number of Buildings: 4
Number of Stories: 2
Year Built: 2004
Year Renovated: 2008
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Large two story building brick and Stucco
Parking Type: Surface
Parking Description: Surface
Total Parking Spaces: 100
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Engineered System, Other
Internet Access: Cable
Interior Description: 20 rooms, Exam, Procedure, bathrooms see diagram
Zoning Description: C-LD: Commercial-Low Density This District is intended primarily to be used in outlying areas, adjacent to major thoroughfares, with yards and other provisions for reducing conflicts with adjacent residential uses, and with substantial setbacks to reduce marginal friction on adjacent major thoroughfares. Commercial uses in this District will serve the needs of residential neighborhoods for auto-dependent commercial facilities; and serve the needs of highway oriented tourist business.
Part of Planned Development?: Yes
Lot Frontage: 500
Lot Depth: 1000
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Legal Description: L-6 U-205 Brunswick Medical Camp Pl 10/135

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,589 8,720
Median Age: 41.34 47.21
Households: 1,055 3,648
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