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

$10,508,000

1500 Pinecroft Road, Greensboro, NC 27407

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Last Updated: 01/05/2024

134,464 sqft

Building Size

78.6

Occupancy

Details:
Building Size:    134,464 sqft
Occupancy:    78.6%
Class:    B
Year Built:    1997
Floors:    5
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
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

Map:
Documents:
Title
Offering_Memorandum_1500_Pinecroft_112823.pdf
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