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1015 Hutton Lane, Suites 107 & 108 2 Condos Offered at $368,000 in High Point, NC
Investment Highlights
- Two suites combined (1,200+/- square feet each).
- HVAC - Gas heat.
- Furniture and partitions are also available.
Executive Summary
Exceptional end-unit office condominium comprised of two combined suites totaling ±2,400 SF (approximately ±1,200 SF each). The space is efficiently built out with two restrooms, break room, conference room, and private office, with non-load-bearing interior walls that allow for straightforward reconfiguration to meet a future user’s needs.
The property is currently 100% leased to two established tenants—a financial advisory firm and a commercial real estate company—providing immediate in-place cash flow. Lease terms include a 5-year lease for the real estate tenant and an 18-month lease for the financial advisor. In-place NOI: $26,400.
The property is currently 100% leased to two established tenants—a financial advisory firm and a commercial real estate company—providing immediate in-place cash flow. Lease terms include a 5-year lease for the real estate tenant and an 18-month lease for the financial advisor. In-place NOI: $26,400.
Property Facts
| Price | $368,000 | Status | Active |
| Price / SF | $153.33 / SF | Number of Properties | 2 |
| Cap Rate | 7.17% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 2,400 SF |
| Price | $368,000 |
| Price / SF | $153.33 / SF |
| Cap Rate | 7.17% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 2,400 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Hutton Lane Office Center West
1015 Hutton Ln, 1st Floor - Unit 107, High Point, NC 27262 |
Medical Condo | 1,200 SF | 2001 | - |
|
Hutton Lane Office Center West
1015 Hutton Ln, 1st Floor - Unit 108, High Point, NC 27262 |
Office Condo | 1,200 SF | 2001 | - |
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1015 Hutton Lane, Suites 107 & 108
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