Office For Sale in 27407
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Fisher Park Aycock 27408 27410 27409 27406 27401 27405 27403
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Asking Price
*Auction* Greensboro Office Portfolio : Value-Add Investment Opportunity (11 Buildings)
Multiple Addresses
Greensboro, NC
Lot Size:32.00Acres
Eastdil Secured, SVN and and RealINSIGHT Marketplace are pleased to offer for sale the Greensboro Office Portfolio, an efficiently concentrated, 11-asset office campus located within the Piedmont Triad (the "Portfolio"). The Portfolio consists of 446,611 SF of office space across 32 acres of land with an average in-place occupancy of 46.3%. The Greensboro Office Portfolio is situated within the burgeoning West Greensboro submarket offering direct access to I-40, West Gate City Blvd, and South Holden Rd, and is just minutes away from the area’s top retail and restaurant options. With in-place rents at 16.7% below market rental rates, this value-add opportunity has the ability to generate immediate returns via lease-up of the remaining available space and the completion of various capital expenditure initiatives—several of which the Seller has already begun. Significantly, the Portfolio presents an opportunity to acquire controlling majority interest in the West Greensboro office market and capitalize on operational efficiencies attributed to the scale. Investment Highlights -Motivated Seller & Low-Cost Basis—Pricing expected at a substantial discount to replacement cost. -Rare critical mass—The 32 acres of land is suitable for a mixed-use of office, retail, or multifamily components in a location where acquisition opportunities are exceedingly scarce. -Value-Add Upside with The Ability Produce Immediate Returns – Opportunity to significantly lift to cash flow as 20% of the in-place leases expire within the first year and are largely at below-market rates. -Irreplaceable Location In Strategic Corridor – Just off of I-40, South Holden Road, and West Gate Boulevard. -Minutes from Four Seasons Town Centre—The area’s most popular destination for a variety of restaurants, fitness centers, daycares, hotels, retail, and shopping options
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*Auction* Asheville Building in Greensboro, N.C.
1500 Pinecroft Rd
Greensboro, NC
Lot Size:8.00Acres
The Property is situated within the burgeoning West Greensboro office submarket, offering direct access to I-40, West Gate City Blvd, and South Holden Rd, and is just minutes away from the area’s top retail and restaurant options. LOW COST BASIS IN GROWING MARKET • Expected to Trade at a Compelling Basis – pricing is at a substantial discount to replacement cost (estimated to be $200 psf) • Increasing Barriers to Entry - according to the Turner Building Cost Index, a depleting supply of skilled labor caused costs in the US non-residential construction market to increase by 5.9% in 2018. Costs have grown at a 4.0% CAGR between 2014 - 2019 year-end. ABILITY TO INCREASE NOI & PRODUCE IMMEDIATE RETURNS • Stable Tenant Roster - government tenants account for nearly half the existing leases offering assured cash flows • Near-Term Expirations Create Opportunity - over the next 24 months, expiring tenants can be marked to market providing an immediate lift to the asset • Offered Free and Clear of Existing Financing - provides he ability to benefit from various financing approaches IRREPLACEABLE LOCATION IN STRATEGIC CORRIDOR • Superior Vehicular Access - by way of I-40, South Holden Road, and West Gate Boulevard • Minutes from Four Seasons Town Centre - the area’s most popular destination for a variety of restaurants, fitness centers, daycares, hotels, retail, and shopping options • Burgeoning Greensboro Market – supported by a growing talent base of young graduates from nearby universities such as University of North Carolina at Greensboro
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2704 Patterson Street
2704 Patterson St
Greensboro, NC
Lot Size:1.79Acres
$825,000
4822 Koger Boulevard
4822 Koger Blvd
Greensboro, NC
$6,275,000
1919 Boulevard Street
1919 Boulevard St
Greensboro, NC
Lot Size:0.12Acres
$79,900
4830 Koger Boulevard
4830 Koger Blvd
Greensboro, NC
Lot Size:2.08Acres
$725,000
2023 Cedar Fork Road
2023 Cedar Fork Dr
Greensboro, NC
Lot Size:0.49Acres
$63,300
5501 Adams Farm Lane
5501 Adams Farm Ln
Greensboro, NC
Lot Size:0.03Acres
$135,000
4215 Bernau Avenue
4215 Bernau Ave
Greensboro, NC
$52,419
115 POMONA DR
115 Pomona Dr
Greensboro, NC
Lot Size:0.73Acres
$925,000
3801 MARKET ST
3801 W Market St
Greensboro, NC
Building Size:16,185SF
$2,500,000
3722 HIGH POINT RD
3720-3724 High Point Road
Greensboro, NC
Lot Size:0.18Acres
$150,000
4710 HIGH POINT RD
4710 W Gate City Blvd
Greensboro, NC
Lot Size:2.45Acres
$1,100,000
200 POMONA DR -F
200 Pomona Dr
Greensboro, NC
Lot Size:0.06Acres
$175,000
201 POMONA DR
201 Pomona Dr
Greensboro, NC
Lot Size:1.37Acres
$114,500
3922 West Market Street
3922 W Market St
Greensboro, NC
Lot Size:0.48Acres
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2110 Colby Street
2110 Colby St
Greensboro, NC
Lot Size:0.75Acres
$210,000
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Market Stats
27407 has 159 commercial real estate spaces for lease, representing 832,880 sqft space.
71 buildings are available for sale.
In the past 30 days, 27407 has had 5 spaces leased.
Cities that include 27407
Metropolitan areas that include 27407
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