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Wilkes County approves contract to buy ONE Corporate Center in Brushy Mountain Business Park
Summary
The Wilkes County Board of Commissioners unanimously approved June 17 a contract to purchase the ONE Corporate Center in Brushy Mountain Business Park for $2,208,290, subject to an Aug. 31 due-diligence period and a Sept. 15 closing date.
Wilkes County voted June 17 to approve a purchase-and-sale agreement for the ONE Corporate Center (Lot 8) in the Brushy Mountain Business Park in Wilkesboro.
County Attorney Tony Triplett told the board the proposed purchase price equals the tax value at $2,208,290. The contract includes a due-diligence period ending Aug. 31, 2025, and a closing deadline of Sept. 15, 2025. The county would pay $5,000 earnest money (refundable if the county elects not to buy) and a due-diligence fee of $110,414.50 that generally is nonrefundable if the county chooses not to proceed; if the county completes the purchase, the fees would be applied to the purchase price.
Owner Brett D. Cothren, member/manager of Oakwoods Properties, described the building as roughly 30,000 square feet per GIS property card, with two vacant suites (about 2,900 square feet move-in ready) and current gross rental income of approximately $283,000 for the year. He described existing tenant leases that expire in 2026 and 2027 and explained one long-term lease with Venture Properties could be converted to a three-year lease without options if the county purchases the building.
Commissioner Casey Johnson asked whether the Health Director had toured the building for possible use by county health staff. Rachel Willard, Health Director, confirmed staff had toured the building and considered it suitable for Health Department use.
Commissioner Casey Johnson moved to approve the contract, Commissioner Evan Handy seconded, and the board approved the purchase contract unanimously.
