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1230 Mann Dr 4,838 SF 100% Leased Office Building Matthews, NC 28105 $1,527,200 CAD ($315.67 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Fully occupied medical asset with long term tenant stability
- Lease runs through early 2028 and includes a five year renewal option
- Strong passive investment at a 6.5 percent cap rate
- Established dental practice generating reliable rental income
- Positioned within a medically active corridor near regional hospitals
- Professional medical buildout supporting long term operational demand
Executive Summary
Do not disturb tenant. 1230 Mann Drive presents an opportunity to acquire a stable, income-producing medical investment property in Matthews, North Carolina, positioned within the broader Greenville Spartanburg and Newberry County medical region. The surrounding area draws consistent traffic from established healthcare providers including Newberry County Memorial Hospital, contributing to the long-term strength of this location for service-based medical practices.
The property is fully occupied by a Dentist with a long term commitment to the space.
The property is fully occupied by a Dentist with a long term commitment to the space.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,838 SF
Building Class
B
Year Built
2004
Price
$1,527,200 CAD
Price Per SF
$315.67 CAD
Cap Rate
6.50%
NOI
$99,268 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,838 SF
Building FAR
0.03
Lot Size
3.60 AC
Zoning
I1CD - Commercial
Parking
16 Spaces (3.31 Spaces per 1,000 SF Leased)
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Property Taxes
| Parcel Number | 193-245-28 | Improvements Assessment | $498,787 CAD |
| Land Assessment | $0 CAD | Total Assessment | $498,787 CAD |
Property Taxes
Parcel Number
193-245-28
Land Assessment
$0 CAD
Improvements Assessment
$498,787 CAD
Total Assessment
$498,787 CAD
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1230 Mann Dr
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