4140 N. Cherry Street   |  4140 N. Cherry Street   |   16,511 sf

  • TO LEARN MORE ABOUT THIS PROPERTY, CONTACT:

    Nick Gonzalez at nick@ltpcommercial.com

    —or—

    Cole Carns at ccarns@ltpcommercial.com

    This ±16,511 SF income-producing, single tenant, office building sits on 1.9 acres. Conveniently located right off Cherry Street, this building will have a $600,000+ remodel to be completed before June 2020. The tenant, Monarch, recently renewed their lease extending it through 5/31/2027. Three HVAC units were replaced in 2018. Landlord is responsible for taxes, insurance, roof, structure, and HVAC. 

    Address:4140 N. Cherry Street
    City:Winston-Salem
    Zip:27106
    Avail sf ± 16,511
    Price$2,125,000
  • Aerial Map
    Aerial Photo
  • PROPERTY DETAILS

    Property Type Medical
    Investment
    Avail sf ± 16,511
    Building sf ± 16,511
    Office sf ± 12,563
    Whse sf ± 3,948
    Year Built ±1980
    Acres ±1.9
    SprinkleredYes

    UTILITIES

    ElectricalYes
    WaterYes
    SewerYes
    AirYes
    HeatYes
    GasYes

    TAX INFORMATION

    County:Forsyth , NC

    PRICING & TERMS

    Price$2,125,000
    NOI$159,412
    Cap Rate7.5%
    CommentsThis ±16,511 SF income-producing, single tenant, office building sits on 1.9 acres. Conveniently located right off Cherry Street, this building will have a $600,000+ remodel to be completed before June 2020. The tenant, Monarch, recently renewed their lease extending it through 5/31/2027. Three HVAC units were replaced in 2018. Landlord is responsible for taxes, insurance, roof, structure, and HVAC.