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6 Property Medical Office Portfolio 5402 W Market St 6,436 sq ft Retail Property Greensboro, NC 27409 £11,669,268 (£1,813.12/sq ft) 6.05% Net Initial Yield
EXECUTIVE SUMMARY
? Six (6) Net Leased Medical Office Properties Portfolio with Strong Tenants
? 6.62% Cash-on-Cash Return with Existing Loan in Place
? Assumable Loan with an Interest Rate of 3.92% and a Remaining Balance of $9,338,500 | 30 Year Amortization Loan Maturing on 10/08/2031
? Weighted Average Lease Term of ±5.65 Years (Centura Health Site Has ±11.4 Years Remaining)
? Attractive Rental Increases Across All Properties
? Corporately Guaranteed by Large and Renowned Health Care Companies
? 6.62% Cash-on-Cash Return with Existing Loan in Place
? Assumable Loan with an Interest Rate of 3.92% and a Remaining Balance of $9,338,500 | 30 Year Amortization Loan Maturing on 10/08/2031
? Weighted Average Lease Term of ±5.65 Years (Centura Health Site Has ±11.4 Years Remaining)
? Attractive Rental Increases Across All Properties
? Corporately Guaranteed by Large and Renowned Health Care Companies
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Standalone
Property Size
6,436 sq ft
Costar Property Class
B
Year Built/Renovated
1990/1998
Price
£11,669,268
Price per sq ft
£1,813.12
Yield
6.05%
NOI
£706,458
Tenancy
Single
Number of Floors
1
Plot ratio
0.04
Total Plot Size
3.93 ac
Use Class
C-M - Commercial - medical office
Parking
35 Spaces (5.44 Spaces per 1,000 sq ft Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0042161 | Improvements Assessment | £590,121 |
| Land Assessment | £1,280,553 | Total Assessment | £1,870,673 |
PROPERTY TAXES
Parcel Number
0042161
Land Assessment
£1,280,553
Improvements Assessment
£590,121
Total Assessment
£1,870,673
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6 Property Medical Office Portfolio | 5402 W Market St
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