201 N Broad St
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201 N Broad St
15,000 SF Office Building Winston-Salem, NC 27101 £1,361,749 (£91/SF) 8.30% Net Initial Yield
Executive Summary
201 N. Broad Street is a fully leased income property in downtown Winston-Salem. The primary tenant lease expires 7/31/2026 with two 5 year renewal terms. The secondary tenant has a month-to-month storage lease.
15,480 SF
.5 acres
Highly visible location with parking
NOI = $141,099. Call Broker for income and expenses.
Leases are full service excluding janitorial. The primary tenant is HCTec Partners, who is a healthcare IT service company with 4 US locations. They lease 14,600 SF which expires 7/31/2026 with two 5 year renewal options. The secondary tenant has a month-to-month storage lease in 1,000 SF.
Free convenient parking. Additional parking available across Second Street for lease.
Zoned Pedestrian Business (PB)
15,480 SF
.5 acres
Highly visible location with parking
NOI = $141,099. Call Broker for income and expenses.
Leases are full service excluding janitorial. The primary tenant is HCTec Partners, who is a healthcare IT service company with 4 US locations. They lease 14,600 SF which expires 7/31/2026 with two 5 year renewal options. The secondary tenant has a month-to-month storage lease in 1,000 SF.
Free convenient parking. Additional parking available across Second Street for lease.
Zoned Pedestrian Business (PB)
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
15,000 SF
Building Class
C
Year Built
1971
Price
£1,361,749
Price Per SF
£91
Net Initial Yield
8.30%
NOI
£113,091
Tenancy
Single
Number of Floors
3
Typical Floor Size
5,000 SF
Slab to Slab
8 ft
Building FAR
0.69
Lot Size
0.50 AC
Opportunity Zone
Yes
Zoning
HB HIGHWAY - Pedestrian Business
Parking
16 Spaces (1.72 Spaces per 1,000 SF Leased)
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Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 6825-95-8948 | Improvements Assessment | £591,186 |
| Land Assessment | £264,896 | Total Assessment | £856,082 |
PROPERTY TAXES
Parcel Number
6825-95-8948
Land Assessment
£264,896
Improvements Assessment
£591,186
Total Assessment
£856,082
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201 N Broad St
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