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390 W Salem Ave 9,712 SF Office Building Winston-Salem, NC 27101 $4,778,560 CAD ($492.03 CAD/SF) 6% Cap Rate

Medical Offices North Carolina Winston-Salem 390 W Salem Ave, Winston-Salem, NC 27101

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INVESTMENT HIGHLIGHTS

  • Great Location
  • 100% leased to a strong-credit medical tenant
  • First-year NOI of $206,551 provides stabilized income
  • Ample Parking Available
  • Parent company Novant Health rated AA- by S&P Global
  • Located in Winston-Salem, Novant Health’s headquarters city

EXECUTIVE SUMMARY

• 100% Leased Medical Office Building
• Strong credit tenant
• Tenant’s Parent Company (Novant Health, Inc.) has a AA-Credit rating with S&P Global
• Located in Winston-Salem, NC, headquarters of Novant Health, Inc.
• Stabilized NOI for Year ending March 31, 2026 of $205,564
• Less than 4 miles to Novant Health Forsyth Medical Center

ATTACHMENTS

390 W Salem OM 10.31.25

PROPERTY FACTS

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
9,712 SF
Building Class
A
Year Built
2007
Price
$4,778,560 CAD
Price Per SF
$492.03 CAD
Cap Rate
6%
NOI
$286,831 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,712 SF
Building FAR
0.77
Lot Size
0.29 AC
Zoning
PB-S
Parking
20 Spaces (2.06 Spaces per 1,000 SF Leased)
1 1
Bike Score®
Very Bikeable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
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of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 6835-20-7749 Improvements Assessment $2,758,248 CAD
Land Assessment $228,251 CAD Total Assessment $2,986,499 CAD

PROPERTY TAXES

Parcel Number
6835-20-7749
Land Assessment
$228,251 CAD
Improvements Assessment
$2,758,248 CAD
Total Assessment
$2,986,499 CAD
(704) 442-0222

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Contact the broker for more information about this property

CONTACT

  • Listing ID: 35507320

  • Date on Market: 2025-04-16

  • Last Updated:

  • Address: 390 W Salem Ave, Winston-Salem, NC 27101

The South Marshall Office Property at 390 W Salem Ave, Winston-Salem, NC 27101 is currently available. Contact Flagship Healthcare Properties for more information.

OFFICE PROPERTIES IN NEARBY NEIGHBORHOODS

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390 W Salem Ave
(704) 442-0222 x

390 W Salem Ave

Tiffany Slayden
(704) 442-0222

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