6 Property Medical Office Portfolio | 5402 W Market St
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6 Property Medical Office Portfolio 5402 W Market St
6,436 SF Retail Building Greensboro, NC 27409 $21,939,839 CAD ($3,409 CAD/SF) 6.05% Cap Rate
Executive Summary
? Six (6) Net Leased Medical Office Properties Portfolio with Strong Tenants
? 6.62% Cash-on-Cash Return with Existing Loan in Place
? Assumable Loan with an Interest Rate of 3.92% and a Remaining Balance of $9,338,500 | 30 Year Amortization Loan Maturing on 10/08/2031
? Weighted Average Lease Term of ±5.65 Years (Centura Health Site Has ±11.4 Years Remaining)
? Attractive Rental Increases Across All Properties
? Corporately Guaranteed by Large and Renowned Health Care Companies
? 6.62% Cash-on-Cash Return with Existing Loan in Place
? Assumable Loan with an Interest Rate of 3.92% and a Remaining Balance of $9,338,500 | 30 Year Amortization Loan Maturing on 10/08/2031
? Weighted Average Lease Term of ±5.65 Years (Centura Health Site Has ±11.4 Years Remaining)
? Attractive Rental Increases Across All Properties
? Corporately Guaranteed by Large and Renowned Health Care Companies
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,436 SF
Building Class
B
Year Built/Renovated
1990/1998
Price
$21,939,839 CAD
Price Per SF
$3,409 CAD
Cap Rate
6.05%
NOI
$1,328,239 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Land Acres
3.93 AC
Zoning
C-M - Commercial - medical office
Parking
35 Spaces (5.44 Spaces per 1,000 SF Leased)
Frontage
314 ft on W Market St
Amenities
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 0042161 | Improvements Assessment | $1,109,509 CAD |
| Land Assessment | $2,407,616 CAD | Total Assessment | $3,517,125 CAD |
PROPERTY TAXES
Parcel Number
0042161
Land Assessment
$2,407,616 CAD
Improvements Assessment
$1,109,509 CAD
Total Assessment
$3,517,125 CAD
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Power Broker Brian Brockman -
Bang Realty
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6 Property Medical Office Portfolio | 5402 W Market St
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