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Mixed-Use

Person Plaza

418 Person St, Fayetteville, NC 28301

Listing Price: $980,000

Cap Rate
7.50%
Number of Suites
2
Gross SF
16,730
Rentable SF
16,730
Price/Gross SF
$58.58
Lot Size
1.50 acres
Year Built
1970

Investment Overview

Marcus & Millichap is please to present a 13,730 square foot office/industrial mixed use property anchored by Fayetteville Treatment Center, one of eighty New Season Treatment Centers in the US. The front office space 5,400 square feet is occupied by the treatment center. Fayetteville Treatment Center opened in 2002 and has remained a tenant since however expanding twice to it's now 5,400 square foot space. The remaining rear warehouse space of 11,330 square feet is leased to a second tenant for storage use. The property is located at 416 Person Street approximately 1/2 mile from the downtown square of Fayetteville. The building is a former A&P Grocery and sits on 1.5 acres. Building construction is block with steel roof structure. The roof for the office portion is hip gable and metal while the warehouse section is flat with silicone film coating. Parking area is asphalt with 52 spaces. The initial office up fit in 2002 and 2009 was funded by the landlord however the 2,400 square foot expansion in 2016 was funded by the tenant. New Season, parent of Fayetteville Treatment Center, is a leading provider of specialized quality care for Opioid Use Disorder (OUD), operating since 1986 with more than 80 addiction treatment centers in 20 states nationwide. We support the education and understanding of opioid addiction as a disease so that communities will support those affected by the disease to seek the help they need. In order to combat the opioid epidemic, we must all work together to lift the stigma of seeking treatment.

Investment Highlights

  • Two Tenant Office & Warehouse
  • Anchor Tenant is Fayetteville Treatment Center - One of Eighty Treatment Centers of Parent Company, New Seasons
  • Fayetteville Treatment Center at this Location Since 2002 - Expanded Three Times with 5,400 sf Current Space

Exclusively Listed By

Mixed-Use

Person Plaza

Listing Price: $980,000

Cap Rate
7.50%
Number of Suites
2
Gross SF
16,730
Rentable SF
16,730
Price/Gross SF
$58.58
Lot Size
1.50 acres
Year Built
1970

Investment Highlights

  • Two Tenant Office & Warehouse
  • Anchor Tenant is Fayetteville Treatment Center - One of Eighty Treatment Centers of Parent Company, New Seasons
  • Fayetteville Treatment Center at this Location Since 2002 - Expanded Three Times with 5,400 sf Current Space

Investment Overview

Marcus & Millichap is please to present a 13,730 square foot office/industrial mixed use property anchored by Fayetteville Treatment Center, one of eighty New Season Treatment Centers in the US. The front office space 5,400 square feet is occupied by the treatment center. Fayetteville Treatment Center opened in 2002 and has remained a tenant since however expanding twice to it's now 5,400 square foot space. The remaining rear warehouse space of 11,330 square feet is leased to a second tenant for storage use. The property is located at 416 Person Street approximately 1/2 mile from the downtown square of Fayetteville. The building is a former A&P Grocery and sits on 1.5 acres. Building construction is block with steel roof structure. The roof for the office portion is hip gable and metal while the warehouse section is flat with silicone film coating. Parking area is asphalt with 52 spaces. The initial office up fit in 2002 and 2009 was funded by the landlord however the 2,400 square foot expansion in 2016 was funded by the tenant. New Season, parent of Fayetteville Treatment Center, is a leading provider of specialized quality care for Opioid Use Disorder (OUD), operating since 1986 with more than 80 addiction treatment centers in 20 states nationwide. We support the education and understanding of opioid addiction as a disease so that communities will support those affected by the disease to seek the help they need. In order to combat the opioid epidemic, we must all work together to lift the stigma of seeking treatment.

Exclusively Listed By

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