2 Brick Office Bldgs, 10,000+ SF Total
Class B offices, deeded as 8 separate office condos, currently combined into various private offices w/shared lavatory and kitchenette on each level
1 mile to UNC Chapel Hill and I-40
Research Triangle Opportunity
Close to Shopping, Dining, Banks
Available in 4 different offerings:
Offering #1 - $1,695,000 for the entirety
Offering #2 - $695,000 for 123 Kingston Dr, which is fully leased with an 8% cap rate
Offering #3 - $995,000 for 127 Kingston Dr ($160 per sf)
Offering #4 - $295,000 for a single +/-1,558 sf unit in 127 Kingston Dr ($190 per sf)
Fabulous opportunity for owner/occupant, a business owner with an eye to growth can occupy one building, or a suite or two, rent the rest and grow into both buildings. Potential also for a landlord or developer. Many options to create cash flow - demonstrated market for individual small office rentals @$34/ft (current month to month tenants) or rent full floors/suites! Recent renovations include: LVP flooring, paint, LED lighting, new ceiling tiles, exterior upgrade.
Property Management agreement with One Alliance $250/mo through 12/31/23, terminate w/90 days notice.
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