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Property Detail

McCloud Road
Stunning +/-131,975-square-foot, five-story office asset w/ strong upside .
$1,750,000

Description

  • Stunning +/-131,975-square-foot, five-story office asset w/ strong upside through a strategic lease-up in the hot Airport/W Guilford County Submarket.
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  • Landmark office w/ exceptional visibility from Interstate 40 (117,000+ VPD) with signage opportunities on McCloud Road, Thatcher Road, & the building.
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  • Property is located less than 10 minutes from the Piedmont Triad International Airport, the third-busiest airport in North Carolina.
  • Property features a unique facade with polished granite-and-glass curtain walls and well-maintained landscaping for a beautiful campus setting.
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  • Interior features flexible, open floor plans w/ upgraded HVAC, three passenger elevators, one freight elevator, one loading dock, & back-up generator.
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  • Oustanding 3-mile demographics highlighted by a population north of 14,000 (48% with a bachelor's degree) with an impressive average HHI above $106K.

Executive Summary

Cushman & Wakefield is pleased to exclusively present a rare investment opportunity to acquire 7800 McCloud Road, a +/-131,975-square-foot, five-story, Class A office with immense operational upside and a pivotal location by the Piedmont Triad International Airport in Greensboro, North Carolina. Constructed in 1996 on an expansive +/-18.23-acre lot, 7800 McCloud Road has flexible/open floor plans, upgraded HVAC and controls, three passenger elevators and one freight elevator, a 2,000-amp main panel with back-up generator, and one loading dock with a covered staging area. The property has a striking, sleek facade that is highlighted by polished granite with ornate arches and glass curtain walls. Landscaping has been meticulously maintained, and the property has a beautiful lawn, ample trees, and colorful shrubs. The 18.23-acre lot allows for a spacious parking lot that currently accommodates 747 surface-level parking spaces with the ability to add approximately 125 parking spaces. The property has multiple egress and ingress points from Thatcher Road and McCloud Road, a service road for the heavily trafficked Interstate 40. Both egress/ingress points are gated, and there is on-site security for the building. There are strong signage opportunities for 7800 McCloud Road, both on McCloud Road and Thatcher Road. There is a tall monument sign on McCloud Road as well as signage on the building facing Interstate 40 westbound, and Thatcher Road has a smaller monument sign at the entry point.
7800 McCloud Road is well-situated in an excellent pocket of the Greensboro area. The surrounding area is home to numerous hotels like La Quinta Inn & Suites, Homewood Suites by Hilton, SpringHill Suites, WoodSpring Suites, Hilton Garden Inn, Holiday Inn Express & Suites, Four Points by Sheraton, Home2 Suites by Hilton, and Embassy Suites by Hilton. There are countless amenities in the vicinity, including national chains like Subway, Wendy's, Ruby Tuesday, and McDonald's, as well as local spots like Fire & Sticks Japanese Steakhouse & Sushi, Kaya Korean Chinese Restaurant, Mariscos Sayulita Nayarit, Steak Street, Carolina's Diner, and Chophouse. The property is highly accessible to commuters throughout the Piedmont Triad region as it sits just off Interstate 40 and State Highway 68, and close to Interstates 73 and 840. Interstate 40 is the most heavily trafficked thoroughfare in the Piedmont Region, amassing well over 117,000 vehicles passing by daily.

Strategically positioned in the Piedmont Triad region, Greensboro enjoys seamless connectivity to major markets such as Charlotte, Raleigh-Durham, and Atlanta. Its proximity to Interstates 40, 85, and 73 ensures effortless access to the greater area. Greensboro boasts a diverse and robust economic base encompassing advanced manufacturing, logistics, technology, healthcare, and education sectors. Greensboro presents a fertile ground for business expansion, and the city's robust GDP growth and competitive business incentives make it an ideal choice for investors looking to capitalize on sustainable economic development. Greensboro is renowned for its vibrant arts scene, world-class educational institutions, and a welcoming community atmosphere. The city is host to numerous cultural festivals, museums, and recreational opportunities.

Trophy Office by Piedmont Triad International

Listing ID : 00552

SKU: 552

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Price History

DateEventPrice
December 2 2024Listed$1,750,000.00