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502 McKnight Dr - Knightdale Professional Center 3,650 SF Office/Medical Condo Unit Offered at $1,845,518 CAD in Knightdale, NC 27545
Investment Highlights
- Rare medical investment opportunity
- Prime location in a fast growing Triangle submarket (Knightdale, NC)
- Fully leased medical office condominium for sale
Executive Summary
This offering represents a compelling stabilized medical office investment in one of the Triangle’s fastest-growing submarkets. The property benefits from strong healthcare demand and is occupied by a complementary mix of medical and professional users, including physical therapy, behavioral health, and pain management. With full occupancy and long-term demand drivers in place, the asset offers investors immediate cash flow with potential upside through future rent growth and long-term appreciation.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Total Building Size | 14,561 SF | Typical Floor Size | 7,281 SF |
| Property Type | Office (Condo) | Year Built | 2000 |
| Property Subtype | Medical | Lot Size | 1.54 AC |
| Building Class | B | Parking Ratio | 4.46/1,000 SF |
| Floors | 2 | ||
| Zoning | NMX - Neighborhood Mixed Used | ||
| Total Building Size | 14,561 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 7,281 SF |
| Year Built | 2000 |
| Lot Size | 1.54 AC |
| Parking Ratio | 4.46/1,000 SF |
| Zoning | NMX - Neighborhood Mixed Used |
Amenities
- 24 Hour Access
- Signage
1 Unit Available
Unit 101
| Unit Size | 3,650 SF | Sale Type | Investment |
| Price | $1,845,518 CAD | Cap Rate | 7.00% |
| Price Per SF | $505.62 CAD | NOI | $129,186.23 CAD |
| Condo Use | Office/Medical | Sale Conditions | 1031 Exchange, Sale Leaseback |
| Unit Size | 3,650 SF |
| Price | $1,845,518 CAD |
| Price Per SF | $505.62 CAD |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 7.00% |
| NOI | $129,186.23 CAD |
| Sale Conditions | 1031 Exchange, Sale Leaseback |
Description
3,650 SF leased medical office condominium. Fully leased to two tenants. WALT +/- 5 years.
Sale Notes
RCR is pleased to present a fully leased medical office investment opportunity in the high-growth market of Knightdale, North Carolina. Located at 502 McKnight Drive, Suite 101, this ±3,650 square foot medical office condominium is thoughtfully demised into two separate suites and is 100% leased, providing stable, inplace income.
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Contacts
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Dylan Heafner, CCIM, SIOR -
Sam DiFranco CCIM, SIOR -
Conley Moretz -
Rich Commercial Realty
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502 McKnight Dr - Knightdale Professional Center
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