Income Producing Medical Building 8% cap $1.375M $ 1,375,000.00
Income Producing Medical Building 8% cap $1.375M
$ 1,375,000.00Fully leased 5,675 sq ft medical building built in 1994 and renovated in 2019 leased for $22/sq ft ($124,850/yr) to Chesapeake Regional Medical Group through April 30, 2026. Services provided at this facility include surgical specialists, breast care, and cardiopulmonary care. LL expenses include $8478.36/yr in property tax, $5,715/yr in insurance, LL responsible for structural […]
Edenton Peanut Mill office restoration 401 E Church Street $ 1,750,000.00
Edenton Peanut Mill office restoration 401 E Church Street
$ 1,750,000.00Incredibly restored in 2004-2005 this former Edenton Peanut Mill, now a 5 story office building 17,804 sq ft gem of a property w/7.5% cap rate. Fully leased to a gym on the bottom floor and an accounting firm leases floors 2-5. LL pays taxes and insurance of $26,200 tenants pay $161,947/yr in 2020 (NOI $135,947) […]
