| PRICE : | $11,876,514 |
|---|---|
| CAP RATE: | 8.3% |
| PROPERTY TYPE: | Office |
| BUILDING SIZE: | 134,464 SF |
| YEAR BUILT: | 1997 |
Highlights
- • 81% of income comes from government tenants
- • $88 Price/SF (well-below replacement cost)
- • Under-market rents
- • Greensboro office market has 9% vacancy
Description
Opportunity to acquire a ±134,464 RSF, multi-tenant, office building in Greensboro, North Carolina anchored by the Department of Housing and Urban Development (HUD) in ±40,858 SF and the North Carolina Department of Revenue in ±29,405 SF. 81% of rental income comes from government tenants. The property is located in the burgeoning West Greensboro submarket. The property is ideally situated just north of I-40 off Holden Road and is near Piedmont Triad International Airport.
