285 Olmstead Blvd - Office/Residential CONDO FOR SALE


Pinehurst, NC 28374
$660,500 USD
312-777-2448
285 Olmstead Blvd, Pinehurst, NC for Sale
$660,500 USD
Office/Residential CONDO - FOR SALE
1/16
null | 7% Cap Rate

285 Olmstead Blvd
Pinehurst, NC 28374


HIGHLIGHTS

  • Long-Term Lease Recently Signed
  • Credit Strength
  • High Renewal Probability & Long-Term Tenant
  • Location within Pinehurst's commercial district
  • Quality Improvements

OVERVIEW

Northmarq Commercial is pleased to offer for sale the opportunity to purchase a fee simple interest in an office condominium unit at 285 Olmsted Blvd in Pinehurst, NC ("the Property”). The Property consists of a 1,200-net-rentable, square-foot condominium unit situated on the second level of Biltmore Professional Center, a 16,000-square-foot, two-story office building. The condo unit is leased 100% to the General Services Administration of the U.S. Government, and the space is utilized by the U.S. Probation Office agency.

FOR SALE DETAILS

PRICE

$660,500 USD

PRICE/SF

$550 USD /SF

CAP RATE

7%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

GSA | U.S. Probation Office (Office Condo)

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

1,200 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

7.15 AC

LAND SF

311,454 SF

ZONING

Commercial

APN/PARCEL ID

855319703891221,99000253221

ASK ABOUT THIS PROPERTY

Mark HellwigNorthmarqMore Info
312-777-2448

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Mark HellwigNorthmarqMore Info
312-777-2448

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