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Office Investment Opportunity

2307-2311 West Cone Blvd. Greensboro NC 27408

  • Price
    $8,500,000
  • Acres
    4.71

Linville Team Partners is pleased to offer an office investment opportunity to purchase 2307-2311 West Cone Boulevard (19,000 VPD) in Greensboro, North Carolina. This ±72,000 SF investment is comprised of 3 office buildings conveniently located in Northwest Greensboro. This opportunity offers a reliable stream of income with strong occupancy rates, operating history, and a diverse tenant mix. Upside potential with rent increases and adding paid services such as wifi, printing services, vending machines, etc. In-place management can stay for future buyer.

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Details

Property Information

  • Property Type
    Investment
  • Building SF
    72,000
  • Year Built
    1970
  • Acres
    4.71
  • Tenants
    100+
  • Occupancy
    91.60%

Pricing & Terms

  • Price
    $8,500,000
  • NOI
    $632,305
  • Proforma NOI
    $724,681
  • Cap Rate (Actual)
    7.22%
  • Cap Rate (Proforma)
    8.28%
  • Comments
    Linville Team Partners is pleased to offer an office investment opportunity to purchase 2307-2311 West Cone Boulevard (19,000 VPD) in Greensboro, North Carolina. This ±72,000 SF investment is comprised of 3 office buildings conveniently located in Northwest Greensboro. This opportunity offers a reliable stream of income with strong occupancy rates, operating history, and a diverse tenant mix. Upside potential with rent increases and adding paid services such as wifi, printing services, vending machines, etc. In-place management can stay for future buyer.

Property Documents

Aerial Map