For Sale
$459,000

907 Lejeune BlvdJacksonville, NC 28540

Renovated, multi-tenant office building, 6.8% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fully leased, two-story office building situated at 907 Lejeune Blvd, Jacksonville, NC 28540. The 3,789 square foot building, constructed in 1966 and extensively renovated in 2022, boasts a desirable Class C rating and sits on a 2.43-acre lot (APN: 437611674486). Recent upgrades include a new roof (2021), new HVAC units, stylish epoxy flooring, and updated bathrooms. The property is currently operating under a gross lease structure with multiple tenants, providing a stable income stream. The asking price is $459,000, translating to a compelling $121.14 per square foot. Benefiting from its location in an Opportunity Zone and the thriving commercial hub of Onslow County, this property enjoys proximity to major military installations, including Marine Corps Base Camp Lejeune and Marine Corps Air Station New River, serving a combined population exceeding 262,000. The property is zoned CC and offers significant potential for future growth and increased cap rate through lease renegotiations. This stabilized investment presents a rare opportunity to acquire a high-performing asset in a dynamic market.

Highlights

  • Fully leased office building with strong tenant occupancy and renewal options.
  • Located in a designated Opportunity Zone, offering potential tax advantages.
  • Recently renovated in 2022, including new HVAC, epoxy flooring, and downstairs restrooms; new roof installed in 2021.
  • Current cap rate of 6.8%, with potential for increased cap rate through lease renegotiation.

Property Details for 907 Lejeune Blvd

Property type
Office properties
Square Feet
3,789 SF
Class
C
Year Built/Renovated
1966/2022
Buildings
1
Stories
2
Lot Size (sq. ft)
105,851 SF

Location Insight

City
Jacksonville
County
Onslow
State
North Carolina
Latitude
34.7490267
Longitude
-77.4140247
907 Lejeune Blvd, Jacksonville, North Carolina

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907 Lejeune Blvd
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