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4019 Highway 72 - Former Converse Plant, Lumberton, NC

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DetailMap
4019 Highway 72 - Former Converse Plant

Lumberton, NC 28360-5606


Property Type:Industrial Sub Type:Manufacturing Status:Existing Year Built:1969
Building Size:341,500 SF Land Area:159.55 AC (6,949,998 SF)
Ceiling Height:22'0''-36'0'' Loading Docks:10 ext Rail:- Power:3,000a/480v 3p
For Sale Price:$850,000 Price/SF:$2.49
Cap Rate:-
Smallest Space:30,000 SF Largest Space:341,500 SF Total Space Avail:341,500 SF Rent/SF/Yr:
$1.80
Zoning:I-1 Sprinklers:- Drive Ins:2 tot. Cranes:-
Parking:1135 Surface spaces are available; Ratio of 3.32/1,000 SF


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
30,000 SF-341,500 SF
$1.80/SF/Yr
Vacant
Negotiable
Industrial
 
2320761
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
30,000 SF-341,500 SF
$1.80/SF/Yr
Vacant
Negotiable
Industrial
One of the few value-added opportunities on the market with high ceilings and just 5 miles from I-95.

Ideal property for investor or user recognizing the value added of the up-fit.

$400,000 historical NOI on property (previously appraised at approximately $4,000,000

159 acres included and most of this is developable industrial land.

This facility features a 341,500 sq.ft. footprint that is approx; block, heavy steel, metal sandwich panel and insulated metal walls; 6" concrete floors; 30' x 50' columns spacing; primarily 22' 7" clear ceiling height.

Property needs significant repairs- primarily to electric system- most wire intact and recently added T5 lights are in some areas but transformer is gone. Sprinkler non-functional at this time due to power. Sump pumps in basement do not work without power so there is flooding.

We estimate a $275,000 budget to restore building to functional warehouse space (lights, heat, sprinker), 100% dry roof. Offices need to be gutted.

Minimal roof leaks- some gutter/drain issues.

Building includes:
- several dock high and drive-in doors, rail
Located just minutes west of I-95, this facility is adaptable for a wide variety of manufacturing and distribution functions, and an excellent workforce is available.

Sale Notes:
This facility features a 341,500 sq.ft. footprint that is approx. 80% air-conditioned; block, metal sandwich panel and insulated metal walls; 6" reinforced concrete floors; 30' x 50' columns spacing; primarily 22' 7" clear ceiling height; all utilities; a 100% wet sprinkler system; several dock high and drive-in doors; approx. 33,000 sq.ft. of air-conditioned office space; compressed air throughout production area; rail access; parking for approx. 1,135 vehicles; security gate/fenced; a free standing combination HR building and guard office and a free standing metal storage facility in the rear. New T-5 lighting throughout.
Located just minutes west of I-95, this facility is adaptable for a wide variety of manufacturing and distribution functions, and an excellent workforce is available.

Hub Scrap Metals
Gregory Dahbura
(301) 790-0046


Hub Scrap Metals
Gregory Dahbura
(301) 790-0046



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