205 Sandlewood Ave Louisburg, NC 27549
- Office Properties & Spaces
- 13,549 SF
- 1.60 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 205 Sandlewood Ave
- Year built
- 2001
- Lot size
- 1.60 lot acres
- Property size
- 13,549 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional investment opportunity presents a 13,549-square-foot Class B medical office building situated on a 1.6-acre lot at 205 Sandlewood Avenue, Louisburg, NC 27549. The property, built in 2001, features a single-story structure with 75 parking spaces and is zoned B-2. Currently housing three units with a 24% occupancy rate, the building boasts a strong net operating income (NOI) of $62,772. The property is under a triple-net (NN+) lease with a remaining term of 3.7 years (out of a 10.4-year lease), expiring July 31, 2028, with rent commencement on August 1, 2018. The average rent per square foot is $17.50, and the asking price is $2,195,000 ($162 per square foot). The lease includes rent bumps. Conveniently located in Louisburg, the county seat of Franklin County, this property offers easy access to Raleigh, Durham, and Chapel Hill, benefiting from the proximity to major city resources while maintaining the charm of a small town. The property's location within the Raleigh-Durham MSA provides access to excellent academic, cultural, and entertainment amenities. This presents a compelling investment opportunity in a desirable location with significant upside potential.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Louisburg
- County
- Franklin
- State
- North Carolina
- Longitude
- -78.2941
- Latitude
- 36.0967
