3911-3943 New Bern Ave - Freestanding CONDO FOR SALE


Raleigh, NC 27610- Greater East Raleigh
$2,920,000 USD
214-300-5524
3911-3943 New Bern Ave, Raleigh, NC for Sale
$2,920,000 USD
Freestanding CONDO - FOR SALE
1/17
null | 6.75% Cap Rate

3911-3943 New Bern Ave
Raleigh, NC 27610
Greater East Raleigh


OVERVIEW

Peranich Huffman Net Lease Group is pleased to exclusively present Fresenius Medical Care, located at 3943 New Bern Avenue, Raleigh, NC. Fresenius Medical Care operates under a long-term lease that was most recently extended through August 31, 2034. The lease features a corporately guaranteed structure with annual base rent of $197,109 ($10.89/SF) through August 2034. Two (2) additional renewal options remain, each set at 110% of the preceding term’s rent. The lease is structured as a condo interest within Beacon Plaza, with Fresenius responsible for its proportionate share of common area expenses per the condominium association’s terms.

FOR SALE DETAILS

PRICE

$2,920,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

6.75%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Beacon Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

127,379 SF

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

600

LAND DETAILS

LAND ACRES

140 AC

LAND SF

6,098,400 SF

ZONING

CX-3

APN/PARCEL ID

1724.11-76-2432-000,1724.11-76-2432-005

ASK ABOUT THIS PROPERTY

Nathan HuffmanPeranich Huffman Net Lease GroupMore Info
214-300-5524

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

Nathan HuffmanPeranich Huffman Net Lease GroupMore Info
214-300-5524

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