Multi-Tenant Government Office Building | ±134,464 RSF | ±7.80 Acres

1500 Pinecroft Road, Greensboro, NC

$10,508,000

Price

134,464 sqft

Building Size

78.6%

Occupancy

Gallery
Street
Map
Overview
Building Size
134,464 sqft
Occupancy
78.6%
Class
B
Year Built
1997
Floors
5
Description

Opportunity to acquire a ±134,464 RSF, multi-tenant, office building in Greensboro, North Carolina anchored by the Department of Housing and Urban Development (HUD) in ±37,772 SF and the North Carolina Department of Revenue in ±29,405 SF. 80% of rental income comes from government tenants. The property is located in the burgeoning West Greensboro submarket. The property is ideally situated just north of I-40 off Holden Road and is near Piedmont Triad International Airport.

Greensboro, NC

Highlights
  • 80% of income comes from government tenants
  • $78 Price/SF (well-below replacement cost)
  • Under-market rents
  • Greensboro office market has 9% vacancy
  • Bull Realty NC License #: C17910
Documents
Location
Gallery