Lakeside Commons $3,100,000

Profitable Investment Property for Sale

Lakeside Commons (Shelby) $3,100,000 2017-08-31T22:00:45+00:00

Project Description

Lakeside Commons · 1610 East Marion Street · Shelby, NC 28150 · 23,000 SF

This is a Premium Class A Office Building with both medical & general office tenants. Fully leased & stabilized, this investment office building tenants include Wells Fargo Advisors, two medical tenants, NCDOT, and others.
Sitting on 8.74 acres in a campus setting, this property offers land to add an additional building. The grounds have a pond with a fountain and present an upscale look and feel. The building has all brick and steel construction, metal roof, and an elevator.
Spaces are leased Modified Gross with some tenants on CAM recovery.

Located on the east side of Shelby in North Carolina near Highway 74 and off Marion Street.

Details

Price $3,100,000 Occupancy 100%
Building Size 23,000 SF No. Stories 2
Price/SF $134.78 Tenancy Multiple
Property Type Office Year Built 2002
Property Sub-type Office Building Lot Size 8.74 SF
Property Use Type Investment APN / Parcel ID 43510
Cap Rate 6.40%

Highlights

  • Great Campus Atmosphere
  • Land for Additional Building
  • 8.74 Acres of Land
  • Strong Tenant Base with Medical Users
  • Lake with Fountain on Property
  • Premium Construction with Metal Roof

Financial Summary (Actual)

Net Operating Income $198,400

Major Tenant Information

Tenant SF Occupied
Nolrick, LLC 3,750
NCDOT 1,250
Wells Fargo Advisors 2,500
Dr. Muldoon, PA 2,500
Employment Staffing 5,000

 


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