*Auction* Asheville Building in Greensboro N.C.

1500 Pinecroft Road Greensboro, NC 27407

1500 Pinecroft Road, Greensboro, NC, 27407
1500 Pinecroft Road, Greensboro, NC, 27407
FOR SALE Auction Property
Property Type:
Multi Tenant Office
FOR SALE
Amount:
Please Call Broker for Price

Last Verified:
Aug 13, 2020


Description

LOW COST BASIS IN GROWING MARKET
• Expected to Trade at a Compelling Basis – pricing is at a substantial discount to
replacement cost (estimated to be $200 psf)
• Increasing Barriers to Entry - according to the Turner Building Cost Index,
a depleting supply of skilled labor caused costs in the US non-residential
construction market to increase by 5.9% in 2018. Costs have grown at a 4.0% CAGR
between 2014 - 2019 year-end.

ABILITY TO INCREASE NOI & PRODUCE IMMEDIATE RETURNS
• Stable Tenant Roster - government tenants account for nearly half the existing
leases offering assured cash flows
• Near-Term Expirations Create Opportunity - over the next 24 months, expiring
tenants can be marked to market providing an immediate lift to the asset
• Offered Free and Clear of Existing Financing - provides he ability to benefit from
various financing approaches
IRREPLACEABLE LOCATION IN STRATEGIC CORRIDOR
• Superior Vehicular Access - by way of I-40, South Holden Road, and West Gate
Boulevard
• Minutes from Four Seasons Town Centre - the area’s most popular destination for a
variety of restaurants, fitness centers, daycares, hotels, retail, and shopping options
• Burgeoning Greensboro Market – supported by a growing talent base of young
graduates from nearby universities such as University of North Carolina at Greensboro

The Property is situated within the burgeoning West Greensboro office submarket, offering direct access to I-40, West Gate City Blvd, and South Holden Rd, and is just minutes away from the area’s top retail and restaurant options.


Year Built: 1988
Building Size: 134464.0sq ft
Building Class: B
Lot Size: 8.0 acres

Map of 1500 Pinecroft Road, Greensboro, NC, 27407

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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:

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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
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