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355 Venus St 6,600 SF 100% Leased Office Building Monroe, NC 28112 $2,256,247 CAD ($341.86 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Atrium Health is an AA-rated credit tenant
- The in-place lease features 2% annual rental escalations
- The property benefits from a weighted average lease term (WALT) exceeding five years
Executive Summary
The property offers investors a compelling opportunity to acquire a well-positioned office asset underpinned by stable, long-term cash flow. The asset is 100% leased to Atrium Health on a single-tenant basis.
Modified Gross
Modified Gross
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$183,417
|
$27.79
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$183,417
|
$27.79
|
| Taxes |
$7,916
|
$1.20
|
| Operating Expenses |
$6,282
|
$0.95
|
| Total Expenses |
$14,198
|
$2.15
|
| Net Operating Income |
$169,219
|
$25.64
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $183,417 |
| Annual Per SF | $27.79 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $183,417 |
| Annual Per SF | $27.79 |
| Taxes (CAD) | |
|---|---|
| Annual | $7,916 |
| Annual Per SF | $1.20 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $6,282 |
| Annual Per SF | $0.95 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $14,198 |
| Annual Per SF | $2.15 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $169,219 |
| Annual Per SF | $25.64 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,600 SF
Building Class
B
Year Built
1996
Price
$2,256,247 CAD
Price Per SF
$341.86 CAD
Cap Rate
7.50%
NOI
$169,219 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,600 SF
Building FAR
0.47
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
GB MONROE - General business
Parking
25 Spaces (3.79 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Total Assessment | $3,859,502 CAD | |
| Land Assessment | $699,886 CAD | Annual Taxes | $7,916 CAD ($1.20 CAD/SF) |
| Improvements Assessment | $3,159,616 CAD | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$699,886 CAD
Improvements Assessment
$3,159,616 CAD
Total Assessment
$3,859,502 CAD
Annual Taxes
$7,916 CAD ($1.20 CAD/SF)
Tax Year
2025
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355 Venus St
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