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AIT Building421 Maiden Ln, Fayetteville, NC 28301
John Backensto, BrokerJNB Commercial Properties1332-B Bragg Boulevard,Fayetteville, NC [email protected](910) 322-3800License: 275855
Price: $8,500,000
Building Size: 93,000 SF
Price/SF: $91.40
Property Type: Office
Property Sub-type: Office Building
Property Use Type: Investment
Cap Rate: 12%
No. Stories: 3
Building Class: B
Tenancy: Multiple
The Heart of Where Business Happens!
AIT Building$8,500,000
Large city-owned parking lot across Maiden Ln;originally built as Sears department store bldg; obtainedby AIT several years ago and converted to callcenter/high tech office bldg; 2d and 3rd floors 27,136 sqft each; Seller will lease back 1st floor. LegalDescription: Map No.: 0437, Lot: 1813. DeedReference: Book: 6754, Page: 497.
Space Available FOR LEASE: $15.50 / SF (FULL
SVC): 2d and 3rd floors 27,136 sq ft each.
48 Parking Spaces on Lot / 400 free Surface Spaces
are available.
Very Good Condition! Concrete & Masonry
Construction.
Electric: PWC Volts: 220 Amps: 400 Phase: 3 HVAC:
70 tons
One Dock - Two Elevators - Ceiling Ht: 12'
Zoned: C-2 - Building: 93,460 SF, Lot: 1.67 Ac
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Financial Summary
AnalysisType Proforma
Net Operating Income $1,020,000
Major Tenant Information
Tenant SF Occupied Lease Expired
ADVANCED INTERNETTECHNOLOGIES
38,728
2nd Floor Available 27,136
3rd Floor Available 27,136
421 Maiden Ln, Fayetteville, NC 28301
In downtown Fayetteville across Hay St from City Hall; 2 miles to I-95 Business/US 301; 20minutes to Ft Bragg.
Property Photos
A Technology Building Icon!
Wide Main Entrance
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Hay St & Ray Ave Intersection
Hay St Headed Westbound to Bus 401.
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Hay St Side Parking....
High Accessibility!
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Approach to Main Entrance & Parking.
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HUGE PARKING.... Near & Overflow!
Nestled Near Government Agencies!
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Tap the Hwy 295 Outer Loop to I 95..
A Dominating Downtown Presence!
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1.67 Acre Lot!
93,460 SF Building Area..
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Large Corporation or Multiple Tenants!
Call or Email for More Info or a Tour....
Property Photos
John Backensto, Broker, 910-322-3800
Jun 16 vs. 3 mo. prior Y-O-Y
— State $116 -0.3% -3.1%
Jun 16 vs. 3 mo. prior Y-O-Y
— State $17.56 +1.0% +4.7%
Market Trends
