1217 Davie Ave - Medical FOR SALE


Statesville, NC 28677
$1,200,000 USD
704-815-9374
1217 Davie Ave, Statesville, NC for Sale
$1,200,000 USD
Medical - FOR SALE
1/22
null | 7.25% Cap Rate

1217 Davie Ave
Statesville, NC 28677


OVERVIEW

This STNL medical office is backed by a new 5 year lease with Iredell Health System. With it's late 2024 acquisition of Davis Regional Hospital and Davis Behavioral Health, Iredell has continued its steady growth now laying claim to 365 physicians over various specialties. Their commitment to the community makes them a dependable tenant with long term stability in Statesville. This medical office sits only .5 mile from Iredell Memorial Hospital's main campus making it a prime location for off campus specialty practices. The building is leased under a triple net structure allowing for dependable passive income with little management involvement. With Iredell's reputation in the market, combined with the continued population and commercial growth into the secondary markets outside of the Charlotte metro, this asset provides investors a good opportunity for reliable ROI.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$303 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

O1

APN/PARCEL ID

4745-50-1331.000

ASK ABOUT THIS PROPERTY

Chad HagermanSports Med Properties, LLCMore Info
704-815-9374

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Chad HagermanSports Med Properties, LLCMore Info
704-815-9374

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.