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124 Samaritans Ridge Rd 8,221 SF Office Building Elkin, NC 28621 $2,836,278 CAD ($345.00 CAD/SF) 7.35% Cap Rate



Investment Highlights
- Additional Lots Sold Separately (1.23 & 2.00 Acres)
- Proximity to Hugh Chatham Memorial Hopsital, I-77 & US-421
Executive Summary
Opportunity to own a well-located and well-maintained ±8,221 SF medical building in Elkin, North Carolina. Established, successful pediatric and family medicine practice occupies the building, which is only 2 minutes from Hugh Chatham Memorial Hospital. Peaceful professional office park setting. The property is well-maintained, 5 minutes from I-77 and convenient to US-421. Features a generator and 51 parking spaces. Additional development lots can be purchased separately.
Cap rate of 7.35%
Cap rate of 7.35%
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,221 SF
Building Class
B
Year Built/Renovated
2000/2012
Price
$2,836,278 CAD
Price Per SF
$345.00 CAD
Cap Rate
7.35%
NOI
$208,466 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,221 SF
Building FAR
0.13
Lot Size
1.40 AC
Zoning
MA
Parking
51 Spaces (6.2 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Elkin Pediatric and Adult Medicine
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Elkin Pediatric and Adult Medicine | Health Care and Social Assistance | - | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 4961-01-09-8382 | Improvements Assessment | $1,325,275 CAD |
| Land Assessment | $199,757 CAD | Total Assessment | $1,525,032 CAD |
Property Taxes
Parcel Number
4961-01-09-8382
Land Assessment
$199,757 CAD
Improvements Assessment
$1,325,275 CAD
Total Assessment
$1,525,032 CAD
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124 Samaritans Ridge Rd
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