CLASS-A OFFICE – MULTI INVESTMENT OPPORTUNITY
The Property is currently 96% occupied with a strong tenancy mix of professional
office tenants who collectively carry a 5.9 year WALT. This five-story office is
strategically located in Downtown Greensboro’s CBD Submarket of the Triad Region
of North Carolina which has a population of 1.7 million. This area has experienced an
extraordinary level of economic development activity including recent investments
from Toyota Motors’ EV battery plant at the Greensboro-Randolph County Megasite
and Boom Supersonic’s production facility for their supersonic passenger plane at
PTI Airport
This property has 98 surface parking spaces, which is a highly attractive attribute for
CBD office buildings and has an excellent history of occupancy. The property has
been mostly 100% occupied since the building was delivered in 2000. Current tenants
include Northwestern Mutual, Carlisle Residential Properties, City of Greensboro ABC
Board, Precision Fabrics Group, Oldcastle APG South, Iddings & Thacker PLLA, Creek
Road Capital, LLC and the Law Office of Manisha P. Patel.
This is a very attractive investment opportunity for an investor seeking the purchase
of a well-maintained downtown office, at well below replacement value, in a
quickly developing market.