959 Cox Rd | Gastonia, NC 28054
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959 Cox Rd
Gastonia, NC 28054
Piedmont Plastic Surgery & Dermatology · Office Property For Sale
Investment Highlights
- Fast Growing Community Committed to Development & Redevelopment of Buildings
- Excellent Access & Visibility in Growing Medical Area – Dense Medical Corridor Near Major Hospital
- Potential Owner-User Opportunity – User May Leave in the Coming Years Given Other Assets In Market
- Potential Owner-User Opportunity – Exceptional Location for New Practice and Very Leasable Space
Executive Summary
Northmarq is pleased to offer for sale, to qualified investors, the opportunity to purchase a fee-simple interest in the Piedmont Plastic Surgery & Dermatology (PPSD) located in Gastonia, NC (“the Property”). The Property consists of a 15,214-square-foot freestanding building on a 1.67-acre parcel of land. Piedmont Plastic Surgery & Dermatology operates under a 10-year lease, with roughly 2 years remaining. The tenant is unlikely to extend the lease, and purchasers should expect to occupy or re-tenant the asset. See the lease abstract for full details.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
7,548 SF
Building Class
C
Year Built
1991
Price
£2,916,792
Price Per SF
£386
Net Initial Yield
8.50%
NOI
£247,927
Tenancy
Single
Number of Floors
1
Typical Floor Size
7,548 SF
Building FAR
0.10
Lot Size
1.67 AC
Zoning
OFF04
Parking
68 Spaces (9.41 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 117916 | Improvements Assessment | £1,447,377 |
| Land Assessment | £468,171 | Total Assessment | £1,915,549 |
PROPERTY TAXES
Parcel Number
117916
Land Assessment
£468,171
Improvements Assessment
£1,447,377
Total Assessment
£1,915,549
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