You can advertise it yourself and see if youre able to get any potential tenants and once you do I'd advise for you to hire an attorney to draw up a lease agreement including your NNN terms. 

Any idea on what would be the per sq foot construction cost for this project?

We cut our own with a builder’s supply purchase 8 years ago, still looks like new and it only cost like $150 plus the saw blade (small galley style kitchen).

And dun the security deposit for the amount that it cost to restore it.

Just understand that most wholesalers are inexperienced when it comes to rehab costs.  

If this is an accepted practice in North Carolina then something is definitely off.It seems like an awfully underhanded way to finance a potential vacancy loss using the outgoing tenant.

Your insurance costs look high for a house in that price range.

. , and now wondering what the process might be for acquiring something there, where it might make the most sense, and if the numbers check out in the short and potentially long term.I'd love to connect with anyone who can offer any advice or thoughts would really be tremendous.

They like to see a single policy with a single property so the costs associated with it are crystal clear. 

I 100% agree that the potential for these suburban office buildings is there, and that further growth and steadily increasing demand is highly probable!