FirstHealth of the Carolinas | 102-108 Endo Ln
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FirstHealth of the Carolinas 102-108 Endo Ln
14,352 SF 100% Leased Office Building Hamlet, NC 28345 £1,988,550 (£139/SF) 7.25% Net Initial Yield
Executive Summary
CAPITAL REAL ESTATE GROUP’S U.S. HEALTHCARE INVESTMENT SALES has been exclusively retained by
ownership to offer qualified investors the exceptional opportunity to acquire First Health of the Carolinas MOB (the “Property” or “Building”) located in Hamlet, NC. The investment comprises two (2) single-story buildings accounting for approximately 14,344 rentable square feet (RSF). The buildings are situated on a 3.33-acre plot, with an option to purchase an additional 10.21 acres. Each building offers 7,172 rentable square feet and was constructed in 2006. First Health of The Carolinas (Fitch AA) fully occupies Building B (108 Endo), while Building A
(102 Endo) is approximately 60% occupied by the same tenant.
Hamlet is an hour and a half outside of Charlotte, North Carolina. Hamlet Avenue, a crossroad of the property, sees
over 12,300 vehicles daily. Within proximity of the site is Richmond Country Regional Airport, Walmart, Lowes, various dining options, and a few hotels.
FirstHealth of the Carolinas, a private, not-for-profit health care network, is headquartered in Pinehurst, NC. Its 5,300
employees serve 15 counties in the mid-Carolinas. Licensed for four (4) hospitals with 610 beds, FirstHealth demonstrates a commitment to treating the whole patient and to providing quality health care for the entire community – especially those in need. The subject property offers investors the opportunity to acquire a stabilized, minimally management intensive asset with potential upside. First Health of the Carolinas has an AA credit rating from Fitch Ratings.
Sale of 3.33 Acre office portion of Parcel. Additional 10.21 Acres also available.
ownership to offer qualified investors the exceptional opportunity to acquire First Health of the Carolinas MOB (the “Property” or “Building”) located in Hamlet, NC. The investment comprises two (2) single-story buildings accounting for approximately 14,344 rentable square feet (RSF). The buildings are situated on a 3.33-acre plot, with an option to purchase an additional 10.21 acres. Each building offers 7,172 rentable square feet and was constructed in 2006. First Health of The Carolinas (Fitch AA) fully occupies Building B (108 Endo), while Building A
(102 Endo) is approximately 60% occupied by the same tenant.
Hamlet is an hour and a half outside of Charlotte, North Carolina. Hamlet Avenue, a crossroad of the property, sees
over 12,300 vehicles daily. Within proximity of the site is Richmond Country Regional Airport, Walmart, Lowes, various dining options, and a few hotels.
FirstHealth of the Carolinas, a private, not-for-profit health care network, is headquartered in Pinehurst, NC. Its 5,300
employees serve 15 counties in the mid-Carolinas. Licensed for four (4) hospitals with 610 beds, FirstHealth demonstrates a commitment to treating the whole patient and to providing quality health care for the entire community – especially those in need. The subject property offers investors the opportunity to acquire a stabilized, minimally management intensive asset with potential upside. First Health of the Carolinas has an AA credit rating from Fitch Ratings.
Sale of 3.33 Acre office portion of Parcel. Additional 10.21 Acres also available.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
14,352 SF
Building Class
C
Year Built
2006
Price
£1,988,550
Price Per SF
£139
Net Initial Yield
7.25%
NOI
£144,230
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
14,344 SF
Building FAR
0.02
Lot Size
13.54 AC
Zoning
O1 - Office
Parking
97 Spaces (6.76 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 748108-89-4767 | Improvements Assessment | £1,459,384 |
| Land Assessment | £252,837 | Total Assessment | £1,712,221 |
PROPERTY TAXES
Parcel Number
748108-89-4767
Land Assessment
£252,837
Improvements Assessment
£1,459,384
Total Assessment
£1,712,221
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FirstHealth of the Carolinas | 102-108 Endo Ln
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