INVESTMENT OPPORTUNITY 210 N. MAIN ST, STE 310 KERNERSVILLE, NC 27284 INVESTMENT OPPORTUNITY OFFICE CONDO INVESTMENT PROPERTY IN KERNERSVILLE Great opportunity for an investor or owner/occupier to purchase this newly renovated office condominium in the heart of downtown Kernersville. Can be sold as 100% leased with two Tenants. Curtis Media has a long term lease for 4,000 SF and Coyne & Co. will sign a new lease upon purchase if desired. + + SUITE 310: 6,759 SF + + Available SF: Up to 2,759 SF for owner/occupier Coyne & Co. currently occupies + + Year Built: 1900 (Renovated 2009) + + Zoning: PB (Pedestrian Business) + + Parking: On-site Parking Available + + Owner willing to consider leaseback or relocate CONTACT US NEIL CORNATZER Senior Vice President +1 336 714 0391 neil.cornatzer@cbre-triad.com WILL HENDERSON Associate +1 336 544 2745 will.henderson@cbre-triad.com
INVESTMENT HIGHLIGHTS + + SUITE 310: 6,759 SF + + Asking Price: $750,000 + + NOI: $57,636 + + 100% leased office condominium (2 tenants) + + Ideal for investor or owner/user + + Owner is willing to relocate + + Restaurants, shopping and banking nearby + + Easy access to I-40, US-421 & Highway 66
INVESTMENT OVERVIEW 210 N. MAIN ST, SUITE 310 KERNERSVILLE, NC YEAR BUILT: 1900; RENOVATED 2009 SQUARE FEET: 6,759 SQUARE FEET ZONING: PEDESTRIAN BUSINESS (PB) RENT SQUARE FEET ANNUAL RENT RATE PSF MONTHLY RENTALS: Tenant 2,759 SF $33,108 $12.00/SF Curtis Media (Expiration 10/27/23) 4,000 SF $45,828 $11.46/SF REMIBURSEABLE EXP: $2,832 $0.42/SF TOTAL ANNUAL RENTS: $81,768 $12.10/SF TAXES & INSURANCE: $7,992 $1.18/SF CONDO FEES: $8,940 $1.32/SF PROFESSIONAL FEES: $1,644 $0.24/SF COMMON UTILITIES: $4,800 $0.71/SF REPAIRS: $2,400 $0.36/SF SECURITY SYSTEM: $336 $0.05/SF TOTAL EXPENSES: $24,132 $3.57/SF NET OPERATING INCOME $57,636 2017 CB Richard Ellis-Raleigh LLC, a Delaware limited liability company. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.
PHOTO GALLERY LOBBY/RECEPTION AREA MEETING AREAS BREAK ROOM
LOCATION MAP 2017 CB Richard Ellis-Raleigh LLC, a Delaware limited liability company. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.