• Broker Isaac Harrow 7048821700 x 8

Fully Leased - Medical/Office Investment Sale 701 E Roosevelt Blvd

6,524 SF 100% Leased Office Building Monroe, NC 28112 £1,253,535 (£192.14/SF) 6.50% Net Initial Yield

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EXECUTIVE SUMMARY

Fully Leased Medical Office building For Sale.
3 tenants, 2 of which are brand new 5 year leases - both undergoing renovation for the new leases.
Ideal for an investor being located in an Opportunity Zone. Please see flyer for more info on Opportunity Zones.
Suite A is leased to Pinnacle Dermatology. Suite B is leased to Cardinal Hospice Care and Suite C is leased to Richardson Counseling. Suite B and Suite C are both brand new 5 year leases. This property is located in an existing medical park directly across Hwy 74 from Atrium Hospital Monroe.

ATTACHMENTS

701 E. Roosevelt Blvd 2024 Sale

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,524 SF
Building Class
B
Year Built
1989
Price
£1,253,535
Price Per SF
£192.14
Net Initial Yield
6.50%
NOI
£81,480
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
6,524 SF
Building FAR
0.15
Lot Size
1.01 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Parking
40 Spaces (6.13 Spaces per 1,000 SF Leased)

PROPERTY TAXES

Parcel Number 09-156-015-B Improvements Assessment £428,000
Land Assessment £150,405 Total Assessment £578,405

Map of 701 E Roosevelt Blvd Monroe, NC 28112

ADDITIONAL PHOTOS

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