245 Westlake Rd - Medical FOR SALE


Fayetteville, NC 28314- Westover
$3,600,000 USD
910-818-8326
245 Westlake Rd, Fayetteville, NC for Sale
$3,600,000 USD
Medical - FOR SALE
1/6
null | Request Cap Rate

245 Westlake Rd
Fayetteville, NC 28314
Westover


HIGHLIGHTS

  • Prime Location: Westlake Office Park is situated in a well-developed and educated North Carolina market with over 34,000 residents and 2,100 businesse
  • Strong Workforce Presence: Nearly 19,000 employees work in the immediate area, offering a significant local talent pool and demand for office space.
  • Growing Community: Located in Fayetteville, the Sandhills region's hub, and the county seat of Cumberland County, the area continues to expand and thr
  • Strategic Infrastructure: Close proximity to Interstate 95 and the upcoming 39-mile Fayetteville Outer Loop (completion in 2024) will improve connecti
  • Economic Drivers: Fayetteville benefits from its adjacency to Fort Liberty and Pope Army Airfield, two major military bases that anchor the local econ
  • Value-Add Opportunity: Positioned for growth, the office park offers an exceptional chance to acquire a promising asset in a thriving and accessible m

OVERVIEW

The Westlake Office Park features Three buildings that average 5,815 square feet each. It is ideally located in a densely developed and well-educated market in North Carolina. Over the past three years, Fayetteville's population growth has remained below the national average at 0.6%, but it has consistently outperformed similar markets. Over 34,000 residents live within a 2-mile radius of the property, with an average household income of $65,000. Additionally, nearly 2,100 businesses employ 19,000 people within the same radius, presenting a large pool of potential employees. Fayetteville is a growing community in the Sandhills region of North Carolina and serves as the county seat of Cumberland County. It is just 65 miles from Raleigh, the state capital, and is adjacent to Interstate 95. The state is currently constructing the Fayetteville Outer Loop around the city's western side, which will enhance access to Fort Liberty and the city’s connections to Interstate 95. The 39-mile Outer Loop is expected to be completed in 2024, providing vital connectivity to the entire region. The Fayetteville city limits include portions of Fort Liberty, one of the largest military bases in the nation, and it is immediately adjacent to Pope Army Airfield. Both installations significantly contribute to the economy and culture of Fayetteville. Don't miss this incredible opportunity to acquire a value-added office park within a growing community.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$619 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

231,235 & 245 Westlake

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

Neighborhood Commercial

APN/PARCEL ID

0408-62-2715-002

ASK ABOUT THIS PROPERTY

Pamela WiggsBrown Property GroupMore Info
910-818-8326

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Pamela WiggsBrown Property GroupMore Info
910-818-8326

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.