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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