Portfolio | 2307 W. Cone Blvd. & 204 Muirs Chapel Road
2307 W. Cone Blvd. Greensboro NC 27408
- Price$13,333,000
- Acres3.29 - 4.71
2307 W. Cone Blvd. | 97% Occupied | $760,912 NOI: This ±72,000 SF property is comprised of three office buildings conveniently located in Northwest Greensboro on West Cone Blvd. (19,000 VPD). 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.
204 Muirs Chapel Road | 94% Occupied | $427,960 NOI: Stable ±35,000 SF well-maintained office building located in Greensboro, NC. One anchor tenant occupies the entire second floor. The first and third floor are comprised of executive office suites and turn-key suites. Ample parking, excellent visibility, and a convenient location. Onsite management with front desk/executive services that can be further tweaked and monetized. Can be packaged with 2307 W. Cone Blvd. for a package sale to benefit from cross-management.
Broker:
- Nick Gonzalez, CCIM Email
Details
Property Information
-
Property Type
Investment
-
Building SF
72,000 - 35,000
-
Acres
3.29 - 4.71
Pricing & Terms
-
Price
$13,333,000
-
NOI
$1,178,872
-
Cap Rate (Actual)
8.84%