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1480 Rymco Dr

6,392 SF 100% Leased Office Building Winston-Salem, NC 27103 $3,500,000 ($548/SF) 6.85% Cap Rate

Medical Offices North Carolina Winston-Salem 1480 Rymco Dr, Winston-Salem, NC 27103

Investment Highlights

  • STABLE LONG-TERM LEASES: One tenant has just signed a new 10-year lease, while the other tenant will be signing a new 10-year lease at the close
  • STRATEGIC MEDICAL HUB: The property is located just 1.5 miles from Novant Health Medical Center, enhancing its appeal as part of a well-established
  • ROBUST RETAIL ENVIRONMENT: The property is surrounded by over 1 million square feet of national retail tenants, including Costco, Target, Home Depot,
  • ATTRACTIVE RENTAL INCREASES: The leases include a 3% annual rental increase, ensuring consistent revenue growth and protection against inflation
  • CONVENIENT HIGHWAY ACCESS: Proximity to major highways, specifically Interstate 40 and US Highway 421, facilitates easy access for patients and client
  • FLEXIBLE LEASE OPTIONS: Tenants have two, 5-year renewal options, allowing for continued occupancy and stability in cash flow beyond the initial lease

Executive Summary

Broker of Record
Kyle Matthews
License No. C38369 (NC)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,392 SF
Building Class
B
Year Built
2005
Price
$3,500,000
Price Per SF
$548
Cap Rate
6.85%
NOI
$239,750
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,392 SF
Building FAR
0.15
Lot Size
1.00 AC
Zoning
GO-S
Parking
28 Spaces (4.38 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line

Links

1 of 1

PROPERTY TAXES

Parcel Number 6814-18-7082 Improvements Assessment $889,300
Land Assessment $210,700 Total Assessment $1,100,000

PROPERTY TAXES

Parcel Number
6814-18-7082
Land Assessment
$210,700
Improvements Assessment
$889,300
Total Assessment
$1,100,000
(310) 955-1774

Contacts

  • Listing ID: 33718782

  • Date on Market: 11/1/2024

  • Last Updated:

  • Address: 1480 Rymco Dr, Winston-Salem, NC 27103

More public record information on 1480 Rymco Dr, Winston-Salem, NC 27103

The Office Property at 1480 Rymco Dr, Winston-Salem, NC 27103 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

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1480 Rymco Dr
(310) 955-1774 x

1480 Rymco Dr

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Thor St John

(310) 955-1774

(310) 955-1774

Rahul Chhajed

(818) 434-1106

(818) 434-1106

Michael Moreno

(949) 432-4511

(949) 432-4511

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