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2nd Floor - Unit 201&202
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Office
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2,380 SF
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$729,000 USD
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Unit Size: 2,380 SF
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Condo Use: Office
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Price: $729,000 USD
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Sale Type: Investment
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Price/SF: $306.30 USD
Description
For sale are two tenant occupied office condos used as one, located on the second floor. These suites are served by both stairs and elevator. You wont find a better location, just off Catawba and Bethel Church. Suite sizes are 1,236 and 1,134 totaling 2,380 RSF of office combined office space. Features include 8 offices, large work area, 2 bathrooms, kitchenette and various storage closets. Suites can be accessed from both the front and back of the building.
Sale Notes
Space is leased through 2/28/27 Income:$59,400 annual ($4950/month with 3% annual escalations) Expenses: Property Taxes- Currently $1651.19 for suite 201 and $1704.45 for suite 202. HOA Dues- Currently $292.22 for Suite 201 and $250.64 for Suite 202. Building insurance is included in the HOA dues along with building common area maintenance fees, building exterior maintenance, water and common trash. Total expenses are $9,869.96 that yields a NOI of $49,530.04. Note, Tenant willing states they are willing to extend lease.
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Rob Cassam Jr
Carolina Realty Advisors