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Veterinary Hospital 101 Bahama Rd 7,443 SF Office Building Bahama, NC 27503 $3,693,600 CAD ($496.25 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Outstanding location for growing veterinary practice.
- Cap Rate of 7.5%.
- Ample Parking.
Executive Summary
Veterinary Hospital property for sale on a beautiful 9.35-acre lot in Northern Durham County. There is a 5-year lease in place creating a cap rate over 7.5% cap rate but property could be developed for other purposes as well. Landlord's expenses are minimal and non-recurring, done for safety reasons (tree trimming) or to protect his investment (installing metal roof and repaving asphalt driveway). Showings are only available through listing Broker.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
7,443 SF
Building Class
B
Year Built
2007
Price
$3,693,600 CAD
Price Per SF
$496.25 CAD
Cap Rate
7.50%
NOI
$277,020 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,443 SF
Building FAR
0.02
Lot Size
9.34 AC
Zoning
RR - Rural Residential
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 191265 | Improvements Assessment | $1,750,356 CAD |
| Land Assessment | $634,323 CAD | Total Assessment | $2,384,679 CAD |
Property Taxes
Parcel Number
191265
Land Assessment
$634,323 CAD
Improvements Assessment
$1,750,356 CAD
Total Assessment
$2,384,679 CAD
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Veterinary Hospital | 101 Bahama Rd
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