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511 Paladin Dr 17,700 SF Office Building Greenville, NC 27834 $4,847,570 CAD ($273.87 CAD/SF) 11.35% Cap Rate
Executive Summary
511 Paladin Drive is a ±17,000 SF medical office building strategically positioned in Greenville’s established healthcare corridor, just minutes from the ECU Health Medical District.
The property is currently leased to Eastern Nephrology Associates (ENA) under a triple-net structure, providing stable in-place income. ENA occupies a portion of the building but leases the full facility, creating a unique opportunity for future owner-users or investors to reposition the asset.
A significant portion of the building includes a fully built-out ambulatory surgical center (ASC) addition (constructed circa 2006). The surgical center is currently not being utilized by the tenant, presenting substantial upside for:
Medical owner-users seeking immediate surgical infrastructure
Investors pursuing value-add repositioning
Groups looking to lease or activate the existing ASC build-out
Key Highlights:
±17,000 SF medical office building
Triple-net lease structure
Established regional medical tenant
Existing ambulatory surgical center (vacant and functional layout)
Proximity to ECU Health Medical District
Strong medical corridor location
Ample on-site parking
Opportunity for lease extension or owner-user conversion
The property’s location near ECU Health and Greenville’s primary medical ecosystem enhances long-term demand fundamentals for specialty medical, surgical, and outpatient providers.
Ideal for investors seeking income with upside or medical operators looking to secure a strategic footprint near the hospital campus.
The property is currently leased to Eastern Nephrology Associates (ENA) under a triple-net structure, providing stable in-place income. ENA occupies a portion of the building but leases the full facility, creating a unique opportunity for future owner-users or investors to reposition the asset.
A significant portion of the building includes a fully built-out ambulatory surgical center (ASC) addition (constructed circa 2006). The surgical center is currently not being utilized by the tenant, presenting substantial upside for:
Medical owner-users seeking immediate surgical infrastructure
Investors pursuing value-add repositioning
Groups looking to lease or activate the existing ASC build-out
Key Highlights:
±17,000 SF medical office building
Triple-net lease structure
Established regional medical tenant
Existing ambulatory surgical center (vacant and functional layout)
Proximity to ECU Health Medical District
Strong medical corridor location
Ample on-site parking
Opportunity for lease extension or owner-user conversion
The property’s location near ECU Health and Greenville’s primary medical ecosystem enhances long-term demand fundamentals for specialty medical, surgical, and outpatient providers.
Ideal for investors seeking income with upside or medical operators looking to secure a strategic footprint near the hospital campus.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
17,700 SF
Building Class
B
Year Built/Renovated
1999/2006
Price
$4,847,570 CAD
Price Per SF
$273.87 CAD
Cap Rate
11.35%
NOI
$550,350 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
17,700 SF
Building FAR
0.14
Lot Size
2.89 AC
Zoning
MO - Medical Office zoning supports clinics, outpatient care, labs, and specialty practices near hospital and healthcare corridors.
Parking
18 Spaces (1.02 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Wheelchair Accessible
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
The result of a merger of Eastern Nephrology Associates and Southeastern Nephrology Associates, these kidney specialists deliver the highest quality nephrology, kidney dialysis, kidney transplant and hypertension care. The practice contains highly trained board certified nephrologists, interventional nephrologists, transplant nephrologists, kidney disease certified advanced practice providers, nurses, lab technicians, and medical assistants. It has its own fully integrated laboratory, transplant care team, vascular access centers, and a nationally recognized clinical research program. The practice is keenly focused on Value Based Care, deploying numerous care coordinators and best practice algorithms to improve the patient’s clinical outcomes while also conserving scarce health care resources.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Number | 049131 | Improvements Assessment | $3,126,992 CAD |
| Land Assessment | $724,035 CAD | Total Assessment | $3,851,027 CAD |
Property Taxes
Parcel Number
049131
Land Assessment
$724,035 CAD
Improvements Assessment
$3,126,992 CAD
Total Assessment
$3,851,027 CAD
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511 Paladin Dr
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