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1295 Old Us-1 Hwy S 14,003 SF 100% Leased Office Building Southern Pines, NC 28387 $2,648,179 CAD ($189.12 CAD/SF) 7.97% Cap Rate
Investment Highlights
- Investment Opportunity in Southern Pines, NC
- Fully Leased Property FOR SALE
Executive Summary
Offered for sale, this well-maintained multi-tenant commercial property along Old US 1 Hwy includes three buildings totaling +/- 14,003 SF: a 2,008 SF two-story office at 1275–1285, an 8,985 SF two-story office at 1295, and a 3,010 SF single-story storage building at 1297. The asset is fully leased with primarily NNN leases, providing stable income. Current Cap Rate 7.97%. The site offers 44 parking spaces and is zoned GB (General Business) within an Urban Village Highway Corridor, with portions located in the city limits and the remainder in the ETJ.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
14,003 SF
Building Class
B
Year Built
1966
Price
$2,648,179 CAD
Price Per SF
$189.12 CAD
Cap Rate
7.97%
NOI
$211,085 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,002 SF
Building FAR
0.32
Lot Size
0.99 AC
Zoning
GB - General Business & Urban Village Highway Corridor
Parking
44 Spaces (3.14 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Aisling Massage
- Services
- -
- -
- -
- Greater Visions Counseling
- Health Care and Social Assistance
- -
- -
- -
- Saga Accounting Solutions, LLC
- Finance and Insurance
- -
- -
- -
- Voxx International
- Professional, Scientific, and Technical Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Aisling Massage | Services | - | - | - | ||
| Greater Visions Counseling | Health Care and Social Assistance | - | - | - | ||
| Saga Accounting Solutions, LLC | Finance and Insurance | - | - | - | ||
| Voxx International | Professional, Scientific, and Technical Services | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 8571-12-85-5132 | Improvements Assessment | $1,356,462 CAD |
| Land Assessment | $510,590 CAD | Total Assessment | $1,867,052 CAD |
Property Taxes
Parcel Number
8571-12-85-5132
Land Assessment
$510,590 CAD
Improvements Assessment
$1,356,462 CAD
Total Assessment
$1,867,052 CAD
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1295 Old Us-1 Hwy S
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