An income producing retail/office/flex property with upside potential in Havelock, NC. The Property is approximately 1.1 miles from Marine Corps Air Station Cherry Branch.
The main building is 18,922 square feet with an approximately 2,000 square foot stand-alone shop/warehouse building with roll-up/drive-in doors, on approximately 1.64 acres. A partial list of existing tenants includes H&R Block, Snavely Insurance & Financial (Sate Farm), Lycanthrope Entertainment, Science Applications International Corporation, Tekla Research, and Town & Country Management. The Property is approximately 96% leased with approximately 840 square feet vacant. Many of the tenants are month to month with below market rents.
The offering price is $975,000, which is approximately $46.60 per square foot (well below replacement cost).
Upon execution of a Confidentiality Agreement (attached to this listing), a rent roll, estimated NOI calculation with expenses, and Leases can be provided.