This income-generating office condominium offers a stable and secure investment with a long-standing General Services Administration (GSA) lease. Designed nearly 15 years ago for Social Security hearings, the space features a double courtroom layout and has a strong history of occupancy. With four years remaining on the current lease term, this office property presents an excellent opportunity for investors seeking reliable cash flow.
Property Details
Located in the Stargell Complex, this 1,792-square-foot end-unit office space benefits from ample natural light and a well-maintained professional setting. The property is a single-tenant occupancy office condominium within a larger 4.92-acre complex, which houses Coastal Horizons and other private sector office users. With a 6.25% cap rate, this investment is positioned for solid returns. Income and expense details are available upon request with a signed NDA, and property tours are strictly arranged after a mutually executed Letter of Intent (LOI) due to courtroom security requirements.
About the Area
Situated in New Hanover County, this property is conveniently located within a well-established office complex. The area is home to a mix of public and private sector offices, creating a professional environment that attracts long-term tenants. Its accessibility and strong surrounding business presence contribute to the property’s ongoing value and investment potential.
For more details on this investment office opportunity or to discuss the next steps, contact our team today. See the full property details and connect with the agent to explore this income-producing asset further.