Office Investment Opportunity
2307-2311 West Cone Blvd. Greensboro NC 27408
- Price$8,500,000
- Acres4.71
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.
Broker:
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Nick Gonzalez, CCIM
Email
Details
Property Information
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Property Type
Investment
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Building SF
72,000
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Year Built
1970
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Acres
4.71
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Tenants
100+
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Occupancy
91.60%
Pricing & Terms
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Price
$8,500,000
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NOI
$632,305
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Proforma NOI
$724,681
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Cap Rate (Actual)
7.22%
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Cap Rate (Proforma)
8.28%
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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.