Olivia Center

Office for Lease
Lease Pending
Catylist Listing ID: 30732041
Property Subtypes: Business Park, Office Building
Status: Pending
Contiguous Space: 3,600 SF
Building Size (RSF): 14,202 SF
Gross Building Area: 14,790 SF
Gross Land Area: 1.24 Acres
Lease Rate: $18 PSF (Annual)
Base Monthly Rent: $5,400
Lease Types: Net Lease
Building Name: Olivia Center
Class of Space: Class A
Usable Size (USF): 12,575 SF
Core Factor: 1.13%
Last Updated: 9/10/2021

Overview / Comments

Suite 102 is currently available in the magnificent Olivia Center! The Olivia Center is Fayetteville's premier office building located within the professional district of the Raeford Road corridor at the intersection of Executive Place and Winding Creek. This beautifully designed, Class A, two story office building has only one Suite remaining. The 3,600SF Suite 102 is currently in cold vanilla shell condition allowing maximum flexibility for upfit. A Tenant Improvement Allowance of $25 per USF is available to qualified tenants for lease terms of 5+ years. TICAM charge of $5.50PSF which includes taxes, insurance, water, sewer, power, trash removal, landscaping, janitorial (lobby) and pest control. Note that the Olivia Center is also currently for sale (listing ##30729848)
which presents an ideal situation for a Buyer looking to owner occupy. The Olivia Center is currently 70% occupied with a tenant mix including an attorney's office, mortgage company and a periodontist.

Expand All Available Space

Suite: 102 3,600 SF $18 PSF (Annual) Net Lease
Level/Floor: First
Status: Pending
Space Available: 3,600 SF
Lease Rate: $18 PSF (Annual)
$5,400 (Monthly)
Lease Type: Net Lease
Space Description: Suite 102 is currently available in the magnificent Olivia Center! The Olivia Center is Fayetteville's premier office building located within the professional district of the Raeford Road corridor at the intersection of Executive Place and Winding Creek. This beautifully designed, Class A, two story office building has only one Suite remaining. The 3,600SF Suite 102 is currently in cold vanilla shell condition allowing maximum flexibility for upfit. A Tenant Improvement Allowance of $25 per USF is available to qualified tenants for lease terms of 5+ years. TICAM charge of $5.50PSF which includes taxes, insurance, water, sewer, power, trash removal, landscaping, janitorial (lobby) and pest control. Note that the Olivia Center is also currently for sale (listing ##30729848)
which presents an ideal situation for a Buyer looking to owner occupy. The Olivia Center is currently 70% occupied with a tenant mix including an attorney's office, mortgage company and a periodontist.
Space Subcategory: Office Building, Business Park
Date Available: 6/1/2021
Lease Term: 60 Months
Space Type: New
Tax Expenses $1.70 PSF (Annual)
Operating Expenses $2.50 PSF (Annual)
CAM Expenses $1.30 PSF (Annual)
Rent Escalators Description NA
Rent Concession NA

Additional Details

Nearest MSA: Fayetteville
County: Cumberland
Taxing Authority: Fayetteville
Tax ID/APN: 0427-33-2142
Zoning: LC - LIMITED COMMERCIAL
Property Located Between: At the corner of Winding Creek Road and Executive Place.
Property Visibility: Excellent
Highway Access: Close access to Hwy 87. Just minutes from I-95.
Airports: Fayetteville Regional Airport
Site Description: 1.24 acres of beautifully landscaped property.
Area Description: Conveniently located between the main commercial byways of Fayetteville, the Executive Place office park has established itself as the premier Class A office space corridor.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 7,395 SF
Year Built: 2014
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Dynamic design with glass foyer and brick/stone exterior.
Parking Ratio: 1.3 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 44
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Zoning Description: Limited Commercial
Lot Frontage: 75' of frontage on Executive Place
Lot Depth: 350'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,946 75,594 161,538
Median Age: 42.35 36.29 33.95
Households: 3,607 32,374 65,785
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