Non-Performing Note | Winston-Salem, NC | Madison Park Office Portfolio
Market Price
5650 University Parkway, Winston-Salem, NC 27105
483,240 sqft
Building Size
28 acres
Lot Area
Details:
Highlights:
- Flexible Investment Upside: Multiple strategies including recapitalization, parcelization, redevelopment, and lease-up potential.
- Anchor Tenant Stability: Lowe’s fully occupies two buildings, has a BBB+ rating, and invested $100M+ in the data center.
- Strategic Asset Enhancements: Value-add steps include subdivision plans, multifamily conversion analysis, and parking upgrades.
- Prime 28-Acre Site: Seven-building campus with redevelopment potential and structured parking in a pro-growth market.
- Strong Location & Market Fundamentals: Close to retail and Wake Forest, with below-average vacancy rates regionally.
Description:
RI Marketplace Online Auction June 23-25, 2025
Register to bid on Marketplace:
https://rimarketplace.com/auction/2547/non-performing-note-winston-salem-nc-madison-park-office-portfolio?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=office_2547
Cushman & Wakefield’s Capital Markets, in conjunction with RealInsight Marketplace, are pleased to offer for sale a non-performing first mortgage loan totaling $25.39 million (the “Loan”) as of May 2025. The Loan is secured by Madison Park, in Winston Salem, North Carolina consisting of seven (7) buildings totaling 483,240 SF, situated on 28-acres, and constructed between 1983 and 1986 (the “Property” or “Collateral”). The Property includes a 6-story parking garage and offers fantastic access to Interstate 40, Highway 52, and two airports. In addition, Lowe’s has a mission critical Tier 3 data center with access to redundant fiber and redundant power, a crucial asset for data center and disaster recovery.
Jerry E. King
King Auction & Realty Co., Inc.
License: 1010
NC Broker’s license: 22778
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