2 Brick Office Bldgs, 10,000+ SF Total
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Class B offices, deeded as 8 separate office condos, currently combined into various private offices w/shared lavatory and kitchenette on each level
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1 mile to UNC Chapel Hill and I-40
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Research Triangle Opportunity
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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.
Please be sure to download the Property Information Package ("PIP") by clicking on the words above under “DOCUMENTS.” By downloading this package, you will alert Tranzon to your interest in this property and you will receive emails with any updates on this auction. The package contains information needed to participate in bidding at auction.
NCAF4953