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133 River Park Road
Mooresville, NC 28117
Asking Price
$4.40M
Cap Rate
6.56%
Asset Type
Traditional Office Office
Class
Class B
What's Special
Office | 6.56% CAP | 16,000 SqFt <ul><li>Rare opportunity to own class A office space in Mooresville.</li><li>Strong visibility along Mooresville main road- HWY 150 with easy access to I77 and Route 16.</li><li>Stable tenant occupancy</li><li>Current market rents in line with general office use in Mooresville</li><li>Ample parking</li><li>Strong demographic growth</li><li>Property is a collection of 11 commercial office condos thus allowing the owner to sell off condos in the future</li><li>Future value add- NCDOT sched
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NOI
$80,000
Cap Rate
1.82%
DSCR
0.31
Underwater
Cash-on-Cash
-13.73%
Monthly Payment
$21,768.799
Annual Cash Flow
$-181,225.591
