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5245 S College Rd 4,886 SF Office Building Wilmington, NC 28412 $3,148,079 CAD ($644.31 CAD/SF) 5.84% Cap Rate
Investment Highlights
- Long term tenant in place.
- Great location.
Executive Summary
The S College Road Offering is a 4,886 square foot medical office facility situated on 1.36 +/- acres. The property is located in a superior location on S College Road in Monkey Junction and is currently occupied by long-term tenant, Medac, on a triple net lease. Built in 2001, the property has recently been upfit and is in excellent condition.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,886 SF
Building Class
B
Year Built
2001
Price
$3,148,079 CAD
Price Per SF
$644.31 CAD
Cap Rate
5.84%
NOI
$183,848 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,886 SF
Building FAR
0.08
Lot Size
1.39 AC
Zoning
B-2 - Business
Parking
30 Spaces (6.14 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | R07600-002-065-000 | Improvements Assessment | $1,464,632 CAD |
| Land Assessment | $980,285 CAD | Total Assessment | $2,444,917 CAD |
Property Taxes
Parcel Number
R07600-002-065-000
Land Assessment
$980,285 CAD
Improvements Assessment
$1,464,632 CAD
Total Assessment
$2,444,917 CAD
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5245 S College Rd
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