Two Leased Office Buildings Near Vidant Medical Center

Office for Sale
Catylist Listing ID: 30295828
Property Subtypes: Business Park, Governmental, Net Leased, Office Building
Building Size (RSF): 9,539 SF
Sale Price: $1,695,486
Unit Price: $177.74 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class B
Usable Size (USF): 9,539 SF
Sale Terms: Cash to Seller, Other
Cap Rate: 6.75%
Last Updated: 3/17/2021

Overview / Comments

Two Fully Lease Office Building in close proximity to Vidant Medical Center.

1033 WH Smith Blvd. - 4,035 SF - Leased to North Carolina State - Department of Human Health Services (Vocational Rehabilitation). Initial Lease Term - 7 Years with two 7 year renewals. NOI of $52,124.95. 6.75% CAP.

1037 WH Smith Blvd. - 5,504 SF - Leased to North Carolina State - Department of Transportation. Initial Lease Term - 5 Years with three 5 year renewals. NOI of $62,320.42. 6.75% CAP.

Can be purchased separately.

Current Tenants

Tenant Business Name North Carolina State - Department of Human Health Services

Additional Details

Nearest MSA: Greenville
County: Pitt
Tax ID/APN: 80650
Zoning: CG (GENERAL COMMERCIAL)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,753 57,236 100,642
Median Age: 32.21 30.01 31.24
Households: 6,161 23,972 41,504

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