3 Office Portfolio

Colonial Square Sylva, NC 28779

FOR SALE Incentives
Property Type:
Multi Tenant Office
Amount:
$690,000
Last Verified:
Jul 17, 2017

Highlights

  • Blocks from Sylva and Dillsboro
  • 6.85 Cap rate with 1 vacancy
  • #20 - 2,520 SF on 2 levels
  • #40 - 2,520 SF on 2 levels
  • #52 - 3,200 SF on 2 levels
  • $44,244 total NOI

Description

SVN / BlackStream Commercial, LLC as exclusive Sales Broker to the Seller, is pleased to present the opportunity to buy this very desirable, 3 office building portfolio in Sylva, NC

All three of these 2-story office buildings are for sale! Three of the four units are leased. Two of the tenant rents are below the market rate.

*The information contained herein was obtained from sources deemed to be reliable. However, SVN / BlackStream Commercial, LLC makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. SVN / BlackStream recommends a commercial appraisal prior to listing. This is not a commercial appraisal.

0.75-acres located off of West Main Street in Sylva, NC


Year Built: 1991
Building Size: 8240.0sq ft
Building Class: B
Lot Size: 0.75 acres

Map of Colonial Square, Sylva, NC, 28779

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.