Novant Portfolio
Huntersville & Winston-Salem, North Carolina
THE OFFERING
CBRE, on behalf of the ownership, is pleased to exclusively offer the opportunity to acquire the Novant NC Portfolio (the “Portfolio”).
The Portfolio consists of 136,267 square feet, across three high quality NNN leased buildings and is 90% occupied to Novant Health, the regions premier healthcare firm (Moody’s Aa3). The assets are all located within high growth markets of North Carolina, including Winston-Salem, the home to Novant’s headquarters. These assets have an impressive 7.25 years of weighted average remaining lease term, providing an investor immediate cash flow and long term stability.
EXECUTIVE SUMMARY CONFIDENTIALITY AGREEMENT
INVESTMENT HIGHLIGHTS
Long-Term Stability, Value & Immediate Cash Flow
- 7.25+ Years of Weighted Average Lease Term
- 90.4% Leased
- Opportunity to purchase at attractive basis well below replacement cost
- Potential Value-add through Lease-Up of 17220 Northcross Drive
Impressive Anchor Tenant
- Credit-Rated (Moody’s: Aa3)
- Recently Renewed at All Three Properties in the Portfolio
- Operationally critical facilities with Central Billing and Human Resources located in Winston-Salem
Located in Strategic North Carolina Markets
- High Growth Markets with Strong Demographics
- Novant Hospital System headquartered in Winston-Salem
- Close Proximity to Hospital Campuses
- Immediate Access to Interstates & Airports
- Surrounded by Amenities
CONTACT INFORMATION
Exclusive Marketing Advisors:
Patrick Gildea
Executive Vice President
+1 (704) 331-1217
patrick.gildea@cbre.com
Matt Smith
Senior Associate
+1 (704) 331-1286
matthew.smith@cbre.com
Healthcare Contact:
Lee Asher
Vice Chairman
+1 (404) 504-5965
lee.asher@cbre.com
Local Market Contact:
Greg Wilson
Executive Vice President
+1 (336) 331-9399
greg.wilson@cbre-triad.com
Underwriting Support:
Robert Hardaway
Capital Markets Analyst
+1 (704) 331-1285
robert.hardaway@cbre.com
Grayson Hawkins
Senior Analyst
+1 (704) 331-1263
grayson.hawkins@cbre.com
Debt & Structured Finance:
Harris Ralston
Vice President
+1 (704) 927-1457
harris.ralston@cbre.com
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