Net Leased Medical Office for Sale

Office for Sale
Catylist Listing ID: 30666229
Property Subtypes: Medical, Net Leased, Office Building
Condo? Yes
Building Size (RSF): 13,460 SF
Gross Land Area: 11 Acres
Sale Price: $1,200,000
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class B
Usable Size (USF): 6,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 7/27/2021

Overview / Comments

Motivated Seller! Bring all offers!

Medical office condo net leased by Blue Ridge Healthcare for sale. Blue Ridge has been a tenant since 2014 and has recently signed another lease extension.

Seller indicates existing up fit, which was built to Medicare standards, would be close to $2M to build new.

Potential that other condo owner (total of two units) would be willing to sell as well. They are an owner/occupant and were the original developers of the property.

Please contact listing broker for Confidentiality Agreement to get further details.

Attachments & Media

Additional Details

Nearest MSA: Hickory-Lenoir-Morganton
County: Burke
Tax ID/APN: 2702972069
Is Condo?: Yes
Zoning: O&I
Property Visibility: Excellent
Highway Access: Just off I-40 in Burke County NC
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 13,460 SF
Year Built: 2004
Year Renovated: 2008
Roof Type: Gable
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 917 22,058 38,851
Median Age: 37.4 38.19 40.19
Households: 302 8,250 15,196
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