Fully Leased Income Producing Office Building For Sale

Office for Sale
Sale Pending
Catylist Listing ID: 30648470
Property Subtypes: Medical, Net Leased, Office Building
Status: Pending
Building Size (RSF): 31,986 SF
Gross Land Area: 3.20 Acres
Sale Price: $990,000
Unit Price: $30.95 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class B
Usable Size (USF): 31,986 SF
Sale Terms: Cash to Seller
Auction License Number: n/a
Cap Rate: 9.5%
Average Occupancy Rate: 100
Last Updated: 2/18/2021

Overview / Comments

Income producing NNN leased property for sale in the heart of the Wilson medical and retail district. This 31,986 SF building sits on the corner lot of a 3.2 acre parcel and is currently leased to a health services provider. The one-story brick constructed building is in good condition and boasts excellent visibility off a major thoroughfare at the intersection of Medical Park Dr. and Parkwood Blvd. The 5-year lease was just executed this year, tenant is responsible for everything but the roof, structure, parking and HVAC system (service contract in place).

Additional Details

Nearest MSA: Wilson
County: Wilson
Taxing Authority: Wilson County
Tax ID/APN: Parcel ID: 3712404270000 Alt APN: 1108900
Property Located Between: Parkwood Blvd & Medical Park Dr
Property Visibility: Excellent
Highway Access: Alt 264
Airports: PGV
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 31,986 SF
Year Built: 1988
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: 130 spot paved parking lot with ingress and egress off Medical Park Dr and Parkwood Blvd.
Total Parking Spaces: 130
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: The interior of the building has been divided into office space and has been maintained to professional standards to accommodate their clients needs for a professional and clean environment.
Zoning Description: General Commercial
Lot Frontage: 673'
Lot Depth: 335'
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 1760 PARKWOOD BLVD W L2 3.20AC

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,394 41,315 53,285
Median Age: 40.27 37.69 37.8
Households: 4,319 16,523 21,313


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