MAJOR PRICE REDUCTION! Foundever Call Center | 921 Strickland Bridge Rd
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MAJOR PRICE REDUCTION! Foundever Call Center 921 Strickland Bridge Rd
49,650 SF 4-Star Office Building Fayetteville, NC 28304 $9,980,000 ($201/SF) 8.71% Cap Rate
Investment Highlights
- Facility is located on Raeford Road (US 401), a major east-west corridor which provides direct access to downtown Fayetteville.
Executive Summary
CORPORATE-BACKED LEASE: Recent 5-year extension demonstrating Foundever’s commitment to the Fayetteville market. Completed original 10-year term Build-to-Suit for Sykes Enterprises which commenced in December 2013.
STRONG WORLDWIDE TENANT: Foundever with 170,000 employees across 100+ locations globally and $4 billion in revenues. This building is 100% contracted by USAA and Verizon.
ATTRACTIVE 3% ANNUAL RENT INCREASES: Lease features rare 3% annual rent increases providing attractive rent growth during the lease term to hedge against inflation.
EXCELLENT ACCESS AND VISIBILITY: Facility is located on Raeford Road (US 401), a major east-west corridor which provides direct access to downtown Fayetteville.
DEMOGRAPHICS: Surrounded by dense residential developments. Over 148,000 residents and an average household income exceeding $54k within a five-mile radius
STRONG WORLDWIDE TENANT: Foundever with 170,000 employees across 100+ locations globally and $4 billion in revenues. This building is 100% contracted by USAA and Verizon.
ATTRACTIVE 3% ANNUAL RENT INCREASES: Lease features rare 3% annual rent increases providing attractive rent growth during the lease term to hedge against inflation.
EXCELLENT ACCESS AND VISIBILITY: Facility is located on Raeford Road (US 401), a major east-west corridor which provides direct access to downtown Fayetteville.
DEMOGRAPHICS: Surrounded by dense residential developments. Over 148,000 residents and an average household income exceeding $54k within a five-mile radius
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
49,650 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2013
Price
$9,980,000
Price Per SF
$201
Cap Rate
8.71%
NOI
$868,875
Tenancy
Single
Building Height
1 Story
Typical Floor Size
49,650 SF
Building FAR
0.16
Lot Size
7.10 AC
Zoning
LC - Limited Commercial District
Parking
355 Spaces (7.15 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Wheelchair Accessible
- Reception
- Natural Light
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PROPERTY TAXES
| Parcel Number | 9496-99-4395 | Improvements Assessment | $4,969,709 |
| Land Assessment | $956,245 | Total Assessment | $5,925,954 |
PROPERTY TAXES
Parcel Number
9496-99-4395
Land Assessment
$956,245
Improvements Assessment
$4,969,709
Total Assessment
$5,925,954
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MAJOR PRICE REDUCTION! Foundever Call Center | 921 Strickland Bridge Rd
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