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11 Shoaf St 4,344 SF 100% Leased Office Building Lexington, NC 27292 $924,315 CAD ($212.78 CAD/SF) 8% Cap Rate
Investment Highlights
- 100% Occupied
- Strategically located with good highway and Interstate 285 access
- Positioned between Charlotte and The Triad
- Priced below replacement cost
- Adjacent to nationally known barbeque restaurant, Lexington Barbeque ("the Honeymonk")
Executive Summary
Introducing an excellent investment opportunity in Lexington, NC. Located at 11 Shoaf Street, this well-maintained ±4,344 SF office building features 12 private offices, two conference rooms and is situated in an established commercial area.
The property is currently 100% leased, through October 2029, providing immediate, stable cash flow for
investors. Zoned for commercial use and positioned in a growing market, 11 Shoaf Street offers reliable income and a 40+ year lease history with the Tenant, making it an attractive addition to any office investment portfolio.
The property is currently 100% leased, through October 2029, providing immediate, stable cash flow for
investors. Zoned for commercial use and positioned in a growing market, 11 Shoaf Street offers reliable income and a 40+ year lease history with the Tenant, making it an attractive addition to any office investment portfolio.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
4,344 SF
Building Class
C
Year Built/Renovated
1970/2005
Price
$924,315 CAD
Price Per SF
$212.78 CAD
Cap Rate
8%
NOI
$73,945 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,344 SF
Building FAR
0.30
Lot Size
0.33 AC
Zoning
CC - Commercial
Parking
25 Spaces (5.76 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 11-092-0-000-0007-0-0-0 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $322,964 CAD |
Property Taxes
Parcel Number
11-092-0-000-0007-0-0-0
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$322,964 CAD
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11 Shoaf St
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