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3611 Ramsey St

84,500 SF 89% Leased Flex Building Fayetteville, NC 28311 $8,000,000 ($95/SF) 10.07% Cap Rate

Investment Highlights

  • 92% Leased- 2 NNN Tenants
  • All Leases Provide 3% Annual Increases
  • Steel & Masonry Construction- Fully Sprinklered
  • 67% of NOI From NYSE Listed Company
  • 2020- Exterior Renovation, New Roof, And Parking Lot Seal/Stripe

Executive Summary

Ramsey Plaza is located at 3611 Ramsey Street, Fayetteville NC. The property was originally developed for retail in 1966 and included several traditional retail tenants. When demographics for retail trended further north on Ramsey street, Ramsey Plaza started the transition and is now 92% leased to non- retail tenants. The center has a new roof, parking lot overlay and a complete rework of the front of the center. The CACI renovation completely reconfigured the space and all new HVAC, electrical and plumbing were installed along with high quality up fit (total $4 million). The Manna Church and AWS renovations also converted retail space to first quality office/meeting facilities. There is strong demand for defense related leased space in the Fayetteville market due to the US Military Base Realignment and Closure.

Data Room Click Here to Access

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $8,000,000
Price Per SF $95
Sale Type Investment
Cap Rate 10.07%
Property Type Flex
Property Subtype
Showroom
  • General Retail Freestanding
  • General Retail Storefront
Building Class B
Lot Size 5.60 AC
Rentable Building Area 84,500 SF
No. Stories 1
Year Built/Renovated 1966/2020
Parking Ratio 5.65/1,000 SF
Clear Ceiling Height 18 FT 6 IN
No. Dock-High Doors/Loading 1
Cross Streets Country Club Dr

Amenities

  • 24 Hour Access
  • Security System
  • Signage
  • Accent Lighting
  • Storage Space
  • Air Conditioning

Utilities

  • Gas - Natural
  • Water - City
  • Sewer - City

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Professional, Scientific, and Technical Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

CACI is a billion dollar company whose technology and expertise play a vital role in our national security and government modernization. They are a company of good character, relentless innovation, and long-standing excellence. CACI is ever vigilant in helping their customers meet their greatest challenges in national security and government modernization. Their distinctive expertise and technology deliver innovation and excellence. They are a company of good character, and their dynamic team of professionals are committed to doing the right thing by performing with ethics and integrity. They take pride in their achievements and create value for employees, customers, and shareholders.

  • Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Manna Church has been serving military communities for over 40 years and is strategically planting expressions of Manna Church along the Military Highway. They believe that the Church exists wherever God’s people gather.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Professional, Scientific, and Technical Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Services 99,999 SF $9.99 Lorem Ipsum Jan 0000

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl - B
  • 8,878 SF
  • Flex
  • Full Build-Out
  • Now

This professional office location was originally renovated for GSA in 2010 and more recently was renovated in 2014 and used by a federal contractor up until December 2023. The Space Features a mostly open build out with storage, the restrooms feature showers in both the men's and women's restrooms as well as a separate restroom/shower in the front of the space. It also features a secure lobby entrance, and rear storage area. Formerly used as a government contractor space with the last two users so the space meets most GSA requirements.

Space Size Space Use Condition Available
1st Fl - B 8,878 SF Flex Full Build-Out Now

1st Fl - B

Size
8,878 SF
Space Use
Flex
Condition
Full Build-Out
Available
Now

1st Fl - B

Size 8,878 SF
Space Use Flex
Condition Full Build-Out
Available Now

This professional office location was originally renovated for GSA in 2010 and more recently was renovated in 2014 and used by a federal contractor up until December 2023. The Space Features a mostly open build out with storage, the restrooms feature showers in both the men's and women's restrooms as well as a separate restroom/shower in the front of the space. It also features a secure lobby entrance, and rear storage area. Formerly used as a government contractor space with the last two users so the space meets most GSA requirements.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0439-54-6695
Land Assessment
$365,203
Improvements Assessment
$3,203,290
Total Assessment
$3,568,493

zoning

Zoning Code CC (Fayetteville UDO Community Commercial (CC))
CC (Fayetteville UDO Community Commercial (CC))
  • Listing ID: 28851415

  • Date on Market: 6/26/2023

  • Last Updated:

  • Address: 3611 Ramsey St, Fayetteville, NC 28311

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