SOLD
The Palladium at Piper Station
5113 Piper Station Dr. #103
Charlotte, NC 28277
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 – 1663 SF Available
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SOLD
Sale Price: $429,900.00
Annual Dues: $1662.22
INVESTMENT OFFICE CONDO FOR SALE:
Four years remaining on a five year lease with solid tenant in place.
Lease renewed on April 1, 2018 and expires on March 31, 2023.
3% Annual increases with Guaranty of Lease.
This condo is a first floor unit, 1663 sf and current use is Physical Therapy.
Annual dues only $1662.22 due to contract with Cell Phone Tower
that offsets expenses for the building.
Tenant has option to renew for an additional five year term.
Average NOI for lease term is $33,016.51.
The palladium at Piper Station is conveniently located directly off the
Rea Road Exit at I-485, within walking distance to shopping, restaurants and a hotel.
For more information, please contact me directly and do not disturb Tenant. |
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