For Sale
$2,809,017

4821 Koger Blvd Greensboro, NC 27407

13,582 SF Office Building, 7% Cap Rate

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional Greensboro, NC office building presents a compelling investment opportunity. The 13,582 square foot, single-story creative/executive/traditional office space is situated on a generous 3-acre lot at 4821 Koger Blvd, offering ample parking and potential for future expansion. Built in 2007 with durable masonry construction, the property boasts low maintenance costs and long-term structural integrity. Currently leased to a reputable IT and business services firm, the lease provides a stable income stream with 3.5 years remaining and a 3% annual rent increase. This ensures predictable cash flow and growth potential. The property's strategic location just off Interstate 40 provides easy access to major East Coast markets and nearby national tenants. Greensboro's robust fiber optic network, proximity to Triad International Airport and downtown, and thriving financial sector further enhance the investment's appeal. The building itself serves as mission-critical headquarters for the tenant, housing their centralized data center. This prime location in a growing city with a large, high-quality workforce makes this a strong investment with significant upside. The asking price is $2,809,017, representing a 7.00% cap rate and a price per square foot of $207. The property's strong tenant, long-term lease, and prime location combine to create a compelling investment opportunity with significant potential for future returns.

Highlights

  • Net-Net lease providing consistent income with minimal property management.
  • 3.5 years remaining on the lease with a reliable tenant, ensuring stable cash flow.
  • Lease includes a 3% annual rent increase, providing predictable income growth.
  • Located in Greensboro, NC, this property is a hub for local IT and business services.
  • 2007 masonry construction ensures low maintenance and long-term structural integrity; single-story flex space houses tenant's data center.
  • 3-acre lot offers ample parking and expansion potential.

Property Details for 4821 Koger Blvd

Property type
Office properties, Office space
Square Feet
13,582 SF
Year Built
2007

Location Insight

City
Greensboro
County
Guilford
State
North Carolina
Latitude
36.049759
Longitude
-79.8816114

FAQs

What type of property is this?
Office property - 13,582 SF Office Building, 7% Cap Rate
Where is the office property located?
The property is located at 4821 Koger Blvd Greensboro, NC.
What is the asking price?
The asking price for this property is $2,809,017.
What are key features of this property?
This property features: Net-Net lease providing consistent income with minimal property management.; 3.5 years remaining on the lease with a reliable tenant, ensuring stable cash flow.; Lease includes a 3% annual rent increase, providing predictable income growth.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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4821 Koger Blvd
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