Fully Leased Office Building at 9.6 Cap Rate

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30536296
Property Subtypes: Medical, Mixed Use, Office Building, General
Status: Pending/Contingent
Building Size (RSF): 11,124 SF
Gross Building Area: 11,682 SF
Gross Land Area: 0.61 Acres
Sale Price: $1,195,000
Unit Price: $107.43 PSF
Property Use Type: Investment
Building Name: Portside Station
Class of Space: Class B
Usable Size (USF): 10,596 SF
Core Factor: 10.40%
Sale Terms: Cash to Seller
Cap Rate: 9.57%
Average Occupancy Rate: 100
Last Updated: 10/18/2021

Overview / Comments

The only professional office building in the Sneads Ferry and North Topsail Beach areas. The 11,682+/-SF building is currently configured for eight suites. Great location for military contractors, training facility or other professionals needing to be close to the Camp Lejeune Marine Base, the New River Air Station or MARSOC. Located at the intersection of Highways 210 and 172, it is just minutes from US Hwy 17,

Additional Details

Nearest MSA: Jacksonville
County: Onslow
Taxing Authority: Onslow County
Tax ID/APN: 427903045806
Property Located Between: NC 172 & 210 Highways
Property Visibility: Excellent
Highway Access: Direct access to NC HWY 210 via Robert Snead Pkwy.
Airports: Wilmington (ILM) & Jacksonville (OAJ)
Site Description: Level site located near BB&T Bank and McDonalds
Area Description: Snead's Ferry is a fast growing coastal community, located approximately 4 miles southwest of the back gate on Hwy 172 of the Marine Base Camp Lejeune home to a population of approximately 130,000 people. Also located just two miles west from the site, is the only entrance to the Marine Corps Forces Special Operations Command (MARSOC) Complex which just announced the addition of an 800-member battalion moving from Camp Pendleton beginning on January 1, 2020.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 5,841 SF
Year Built: 2004
Roof Type: Hip
Construction/Siding: Brick, Wood Siding
Exterior Description: Ground level exterior is a Brick veneer with 2nd floor exterior of hardy plank. Area around the building is well maintained.
Parking Type: Surface
Parking Description: Surface around the building. Currently 47 spaces, some of them located in the POA Common Area.
Passenger Elevators: 1
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Lower level contains a common area for the elevator, four suites. Second level also has a common area and another three office suites. Common area is a classy finish with rich wood wainscoting.
Zoning Description: B-1
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee simple
Legal Description: TR2 THE LNDNG AT SF S/F 765 56, ISLAND DEV FERRY

View FullscreenMap

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,646 9,719
Median Age: 38.02 38.38
Households: 2,256 4,098
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Cape Fear REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.