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200 W Weaver St 4,913 SF 100% Leased Office Building Carrboro, NC 27510 $2,566,620 CAD ($522.41 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Renovated in 2014, New Roof in 2021.
- Ample Parking.
- Strong National Tenant in place.
- Highly Desirable Location.
- Signage.
Executive Summary
Excellent single-tenant investment opportunity in downtown Carrboro, one of the area’s most highly desirable locations. Buildings like this rarely come up for sale in Carrboro. The 4,913 SF building sits on a 0.35-acre lot with ample parking and was fully renovated in 2014. Leased to a strong national tenant, this asset offers an annual rent of $122,600 with a 6.5% CAP rate, making it an attractive investment in a well-maintained, strategically located property.
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Building Size
4,913 SF
Building Class
C
Year Built/Renovated
1979/2014
Price
$2,566,620 CAD
Price Per SF
$522.41 CAD
Cap Rate
6.50%
NOI
$166,830 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,913 SF
Building FAR
0.33
Lot Size
0.35 AC
Zoning
B2/R75 - Business
Parking
18 Spaces (3.66 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 9778569606 | Improvements Assessment | $0 CAD |
| Land Assessment | $1 CAD | Total Assessment | $1 CAD |
Property Taxes
Parcel Number
9778569606
Land Assessment
$1 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1 CAD
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200 W Weaver St
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