Lakeside Professional Center $1,475,000

Multi Suite Investment Property for Sale!

Lakeside Professional Center $1,475,000 2016-12-30T02:29:21+00:00

Project Description

Lakeside Professional Center · 19453 W Catawba Ave Cornelius, NC 28031 · 6,960 SF · Office Complex For Sale · $1,475,000

Lakeside Professional Center is for sale! This investment property provides a highly desirable location on Catawba Avenue Cornelius, NC. This investment property in Lake Norman has street visibility with signage, five individual suites with separate HVAC and utilities, front and rear doors, front and rear parking lot, and all suites are on the first floor providing ease of access. All suites pay their prorated share of taxes and insurance. Lakeside Professional Center is an office building investment property for sale in Lake Norman, NC.

Lakeside Professional Center offers a superior location on Catawba Avenue, in the Cornelius part of Lake Norman, between I77 and Jetton Road. This investment property for sale is located near Jetton Village and the newly remodeled Harris Teeter and new Publix shopping center.

 

Highlights

  • Location, Location, Location
  • Multi Tenanted
  • Street Visibility with Monument Signage
  • First Floor Suites
  • Walk to Food and Shopping
  • Tenants Pay Share of Taxes and Insurance

 

Details

Price $1,475,000 Occupancy 100%
Building Size 6,960 SF No. Stories 1
Price/SF $211.93 Building Class B
Property Type Office Tenancy Multiple
Property Sub-type Office Building Year Built 1987
Property Use Type Net Lease Investment with 3 years left on lease Lot Size 1.05 SF
Cap Rate 5.90% APN / Parcel ID 00110117

 

Financial Summary (Actual)

Net Operating Income $89,600