apex professional building -...

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apex professional building 307 S. Salem Street Apex, NC 27526 Investment office building for sale

Transcript of apex professional building -...

Page 1: apex professional building - LoopNetimages4.loopnet.com/d2/2EUPOfOtE9UZh5QhTl-5LA_WMHJZB3lyrsy4lwUn6kU/document.pdfApex Professional Building | Apex, NC submarket overview apex The

apexprofessionalbuilding307 S. Salem StreetApex, NC 27526

Investment offi ce building for sale

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Apex Professional Building | Apex, NC

Population 9,457 54,198 137,702

Average HH Income $92,831 $117,777 $119,581

Households 3,516 19,344 50,351

Daytime Population 3,636 20,493 48,370

1 mile 3 miles 5 miles2017 demographics

property summary

property locationCharming loca on within walking distance to the heart of downtown Apex featuring numerous shops and restaurants

property details+/- 7,000 SF three-story offi ce building

Built in 1984

Three (3) new HVAC units; one replaced in 2017, two replaced in 2016

Roof replaced in 2010

Sits on +/- 0.45 acres featuring a white picket fenced front yard and outdoor sea ng

Abundant parking on side and in rear of buliding features 27 spaces for a generous ra o of 5.5: 1,000 sf

Currently eleven (11) tenants for approximately 95% occupancy

sales price$1,250,000

Investment offi ce building for sale

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Apex Professional Building | Apex, NC

Operating Income (Loss) $69,954.86

Total Other Income (Expenses) $0.00

Net Income (Loss)Net Income (Loss) $69,954.86$69,954.86

Utility $10,696.70

Maintenance $5,697.26

Equipment Maintenance & Repairs $51.67

Legal & Accounting $510.00

Insurance $1,396.00

Property Tax $5,567.20

Total Admin/General ExpensesTotal Admin/General Expenses $23,918.83$23,918.83

fi nancial summary

12 months endedDecember 31, 2016IncomeRent Income $93,873.69

Total IncomeTotal Income $93,873.69$93,873.69

Admin/General Expenses Expenses/Income Summary

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Apex Professional Building | Apex, NC

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Apex Professional Building | Apex, NC

apex aerial map

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73,646 sfhaddon hallmons

79,789 sfolive chapel village

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475,000 sgbeaver creek commons

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320,629 sfbeaver creek crossing

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Apex Professional Building | Apex, NC

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Apex Professional Building | Apex, NC

site aerial

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Apex Professional Building | Apex, NC

wake county tax parcel map

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Apex Professional Building | Apex, NC

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Apex Professional Building | Apex, NC

submarket overviewapex

The Town of Apex, North Carolina is perfectly posi oned in the Research Triangle area and has a well-deserved reputa on for being the best

place to live in the United States and is constantly recognized by outside sources for being a great place to live and work.

Recent Apex accolades include:

• 6 Safest City in North Carolina; CreditDonkey (February, 2016)

• Best Places to Live: #1 in America; Time/Money Magazine (August, 2015)

• #2 Best City in NC to get a Job, Zippia (June, 2015)

• 4th Safest Place to Live in North Carolina; Movoto.com (January, 2015)

In 2006, the Small Town Character Overlay Zoning District passed to help maintain the character of the heart of Apex, the Downtown, and

surrounding residen al neighborhoods. A major streetscape renova on project has restored Apex’s downtown and recaptured it’s historic

fl avor.

populationvia apexnc.orgpopulation is 48,269

36

89k

median agevia apexnc.orgmedian age is 35.9

median household income $89,392

48k

1.5k businessesvia apexnc.org1,558 total businesses

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JUDSON MCMILLANCommercial Sales and Leasingdirect 919 645 2764judsonmcmillan@yorkproper es.com

presented by

For additional information please contact:

York Proper es, Inc.2108 Clark AvenueRaleigh NC 27605

www.yorkproper es.com