The Wingate Building

4900 Koger Boulevard, Greensboro, NC 27407

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Price:

CAP Rate:

NOI:

Year Built / Renovated:

Rentable SF:

Lot Size:

$3,300,000

9.9%

326,641

1998

±96,968

7.75 AC acres

Strong Office Location: Property is located in the strong Piedmont Triad International Airport submarket on the I-40 corridor. (+/-120,000 VPD). Recent economic developments have included Jetzero’s advanced manufacturing and final assembly facility, as well as Boom Supersonic’s Overtone Superfactory which are set to add over 21,200 new jobs to the surrounding area. Nearby supporting retail include most of the national big-box stores as well as national QSRs, with several large hotel groups offering brands within 1-mile.

Exceptional Access: Great suburban office with nearby access to the intersection of I-40 and Wendover Avenue, I-85, I-73, Greensboro Urban Loop (I-840), Piedmont Triad International Airport (PTI), and 15 minutes from downtown Greensboro, High Point and Winston-Salem.

Attractive Basis and WALT: The property is being offered at a very attractive basis for an office property and is well below replacement cost. Weighted Average Lease Term is also appealing for an investor with almost 4.06 years remaining and the upside of leasing the existing vacancies at market rental rates.

Below Market Rental Rates: Office lease rates are trending above the property’s average of $17.02/SF Full Service and competitive basis in the property allows a new owner to capitalize on offering economical options to potential office tenants.

High Growth Market: he Greensboro MSA has seen an unprecedented increase in economic activity overall and North Carolina has consistently been a Top State to do business with a CNBC ranking of 1st in 2025 and 2023 and had the 3rd highest YOY increase in population. The Triad Region of NC has close to 2 million residents and a 5-mile Average Household Income of $93,210.

For more information:

Beau McIntosh, CCIM

Vice President

(336) 358-3227

[email protected]

Documents

Property Summary

Property Type:

Office

Lot Size:

7.75 AC Acres

Year Built:

1998

Buildings:

1

Stories:

4

Investment Summary

CAP Rate:

9.9%

Confidentiality Agreement Form

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This Confidentiality Agreement will confirm the mutual understandings of the Undersigned and Owner of Record in connection with NAI Earle Furman, LLC, dba Furman Capital Advisors, LLC and its client (hereinafter referred to as "Protected Parties") providing proprietary information on the requested property (hereinafter called the “Property”) to the Undersigned:

“Information” means all data, reports, records, materials, lease expirations, lease rates or other lease information obtained from Furman Capital Advisors, LLC which is not in the public domain. Information is not meant to include information which: a) at the time of the disclosure is in the public domain; b) after disclosure becomes part of the public domain through no act or omission by the undersigned; c) as shown by written records was prior to disclosure in the possession of the undersigned; d) is rightfully received by the undersigned from third parties who were entitled to receive such information; or e) is obligated to be disclosed pursuant to applicable law, regulation or legal process.

The information is being furnished solely in connection with the consideration of a potential transaction involving the undersigned and shall be treated as “secret” and “confidential” and no portion of it shall be disclosed to others, except to those employees, agents, clients, and customers of the undersigned whose knowledge of the Information is required for use to evaluate that certain real estate as a potential acquisition and who shall assume the same obligations as the undersigned under this Agreement.

It is understood that the Protected Parties are the beneficiaries whose rights are being protected and may enforce the terms of this Confidentiality Agreement as if they were a party to the Agreement.

All information furnished shall be promptly returned or destroyed should there be no interest in that certain real estate acquisition, or otherwise disposed of as directed by the Protected Parties.

It is understood that the Protected Parties makes no representations or warranty as to the completeness or accuracy as to any information.

It is understood that by furnishing this information that the Protected Parties are not agreeing to enter into a transaction regarding the property.

By electronically signing, you represent and warrant to the other parties that (a) You have read, understand and consent to the agreement (“Agreement), (b) all information that you provide is complete and accurate, and (c) you own or have all rights and authority necessary to enter into and perform under the Agreement.

Confidentiality Agreement

This Confidentiality Agreement will confirm the mutual understandings of the Undersigned and Owner of Record in connection with NAI Earle Furman, LLC, dba Furman Capital Advisors, LLC and its client (hereinafter referred to as "Protected Parties") providing proprietary information on the requested property (hereinafter called the “Property”) to the Undersigned:

“Information” means all data, reports, records, materials, lease expirations, lease rates or other lease information obtained from Furman Capital Advisors, LLC which is not in the public domain. Information is not meant to include information which: a) at the time of the disclosure is in the public domain; b) after disclosure becomes part of the public domain through no act or omission by the undersigned; c) as shown by written records was prior to disclosure in the possession of the undersigned; d) is rightfully received by the undersigned from third parties who were entitled to receive such information; or e) is obligated to be disclosed pursuant to applicable law, regulation or legal process.

The information is being furnished solely in connection with the consideration of a potential transaction involving the undersigned and shall be treated as “secret” and “confidential” and no portion of it shall be disclosed to others, except to those employees, agents, clients, and customers of the undersigned whose knowledge of the Information is required for use to evaluate that certain real estate as a potential acquisition and who shall assume the same obligations as the undersigned under this Agreement.

It is understood that the Protected Parties are the beneficiaries whose rights are being protected and may enforce the terms of this Confidentiality Agreement as if they were a party to the Agreement.

All information furnished shall be promptly returned or destroyed should there be no interest in that certain real estate acquisition, or otherwise disposed of as directed by the Protected Parties.

It is understood that the Protected Parties makes no representations or warranty as to the completeness or accuracy as to any information.

It is understood that by furnishing this information that the Protected Parties are not agreeing to enter into a transaction regarding the property.

By electronically signing, you represent and warrant to the other parties that (a) You have read, understand and consent to the agreement (“Agreement), (b) all information that you provide is complete and accurate, and (c) you own or have all rights and authority necessary to enter into and perform under the Agreement.

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