921 Strickland Bridge Rd - Office FOR SALE


Fayetteville, NC 28304
$9,980,000 USD
910-864-1125
921 Strickland Bridge Rd, Fayetteville, NC for Sale
$9,980,000 USD
Office - FOR SALE
1/4
null | 8.71% Cap Rate

921 Strickland Bridge Rd
Fayetteville, NC 28304


HIGHLIGHTS

  • Facility is located on Raeford Road (US 401), a major east-west corridor which provides direct access to downtown Fayetteville.

OVERVIEW

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

FOR SALE DETAILS

PRICE

$9,980,000 USD

PRICE/SF

$201 USD /SF

CAP RATE

8.71%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MAJOR PRICE REDUCTION! Foundever Call Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

355

LAND DETAILS

LAND ACRES

7.1 AC

LAND SF

309,276 SF

ZONING

LC

APN/PARCEL ID

9496-99-4395

ASK ABOUT THIS PROPERTY

Palmer WilliamsC & S Commercial PropertiesMore Info
910-864-1125

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Palmer WilliamsC & S Commercial PropertiesMore Info
910-864-1125

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