280 N Bridge St 280 N Bridge St 66,915 SF 100% Leased Office Building Elkin, NC 28621 $8,000,000 ($119.55/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Brick exterior, natural light, high visibility, building signage, convenient access to major arteries
EXECUTIVE SUMMARY
Sale/Leaseback opportunity in Downtown Elkin, 20-year lease term, new roof added in 2024, public water/sewer, current land use is office, zoned X. Located in Historic Downtown Elkin at the corner of North Bridge and East Spring Street
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Building Size
66,915 SF
Building Class
B
Year Built
1960
Price
$8,000,000
Price Per SF
$119.55
Cap Rate
7.50%
NOI
$600,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
22,305 SF
Building FAR
1.00
Lot Size
1.54 AC
Zoning
X - Zone X is the area determined to be outside the 500-year flood and protected by levee from 100- year flood
Parking
54 Spaces (0.81 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Storage Space
- Air Conditioning
1 of 3
PROPERTY TAXES
| Parcel Number | 4951-14-43-0983 | Improvements Assessment | $1,615,490 |
| Land Assessment | $148,450 | Total Assessment | $1,763,940 |
