Property Listing No Longer Available for Sale

301 North Elm Street, Greensboro, NC

Office for Sale - $11,000,000 - 168,500 Sq. Ft.


Property Info

CIMLS#712371
Location
  301 North Elm Street
  Greensboro NC 27401
UpdatedApril 28th, 2014
TypeOffice
Price$11,000,000
Building168,500 Sq. Ft.

Property Description

301 North Elm Street offers an incomparable combination of distinctive architectural design and convenient access to meet the highest standards of its Corporate residents. Located in the heart of Greensboro, North Carolina's central business district, 301 North Elm Street is one of only seven Class A office buildings in the submarket. 301 North Elm is a rare opportunity to reposition and stabilize such a well located asset.

Key Facts:

•10-story, Class A office building totaling 168,500 total square feet with 141,000 rentable sq. feet.

•Occupancy: 55% (significant upside potential)

Recent updates:

Current ownership has invested approximately $1.74 M in base building improvements since 2012. The building has received new chillers, boilers and electronic controls at a cost of $790,000. The building is being re-skinned with a state of the art aluminum honeycomb laminate at a cost of $950,000.

Amenities:

•Data Center: "Carrier Class" data center with diverse fiberoptic entry points, backup generators and climate controlled environment. The building was chosen by a subsidiary of AT&T as the site for this integral asset because of its strategic location in the mid-Atlantic region on an important intersection of the fiber network known as the “Tier 1 Internet Backbone”

•A new performing art center is being built directly across the street from the building increasing the appeal of the building to tenants and users.

•Marriott Hotel, newly updated, is adjacent to 301 North Elm.

•Parking: two large parking garages are located adjacent to the property.

For more information and brochure please insert this hyperlink in browser.

http://www.bullrealty.com/listing.cfm?searchType=Property&criteria=301+North+Elm+Street&submit=Search

Please contact Frank or Theresa for more information.

Frank Meyrath

Bull Realty, Inc.

404-876-1640 ext. 129

FMeyrath@BullRealty.com

Theresa Johnson

Bull Realty, Inc.

404-876-1640 ext. 109

TJohnson@BullRealty.com


Financials