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1230 Mann Dr 2,925 SF 100% Leased Office Building Matthews, NC 28105 $1,115,730 ($381.45/SF) 6.50% Cap Rate
Investment Highlights
- Fully occupied medical asset with long term tenant stability
- Lease runs through early 2028 and includes a five year renewal option
- Strong passive investment at a 6.5 percent cap rate
- Established dental practice generating reliable rental income
- Positioned within a medically active corridor near regional hospitals
- Professional medical buildout supporting long term operational demand
Executive Summary
Do not disturb tenant. 1230 Mann Drive presents an opportunity to acquire a stable, income-producing medical investment property in Matthews, North Carolina,
The property is fully occupied by a Dentist with a long term commitment to the space.
The property is fully occupied by a Dentist with a long term commitment to the space.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
2,925 SF
Building Class
B
Year Built
2004
Price
$1,115,730
Price Per SF
$381.45
Cap Rate
6.50%
NOI
$72,522
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,925 SF
Building FAR
0.02
Lot Size
3.60 AC
Zoning
I1CD - Commercial
Parking
16 Spaces (3.31 Spaces per 1,000 SF Leased)
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Property Taxes
| Parcel Number | 193-245-28 | Improvements Assessment | $364,400 |
| Land Assessment | $0 | Total Assessment | $364,400 |
Property Taxes
Parcel Number
193-245-28
Land Assessment
$0
Improvements Assessment
$364,400
Total Assessment
$364,400
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1230 Mann Dr
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