114 S State St - Manufacturing FOR SALE


Haw River, NC 27258
$4,500,000 USD
336-343-2553
114 S State St, Haw River, NC for Sale
$4,500,000 USD
Manufacturing - FOR SALE
1/66
null | Request Cap Rate

114 S State St
Haw River, NC 27258


HIGHLIGHTS

  • 34,112-SF warehouse strategically positioned 2 miles from I-85 between Raleigh-Durham and Greensboro.
  • Equipped with 3 dock-high doors, 12’ to 15’ ceiling heights, remodeled office space, 3 drive-ins, wet sprinklers, and Wi-Fi-controlled exterior doors.
  • Features 1,200 amps of 480V power and 1,600 amps of 208V, 3-phase power, 7 HVAC systems, three 3 services, 3 electric meters, and up to 3 gas meters.
  • Fully fenced industrial outdoor storage (IOS) and trailer parking capacity with 67,000 SF of asphalt parking space and a 25,000 SF paved storage yard.
  • Multi-tenant layout configuration with up to three units offering a range of lease income strategies or a partial owner/user acquisition.
  • Long-term durability with minimal maintenance supported by new exterior improvements, upgraded efficiency systems, and robust metal construction.

OVERVIEW

Built to a higher standard than the typical industrial property, 114 S State Street was designed and constructed by an experienced industrial general contractor with exceptional attention to infrastructure, functionality, and finishes. Positioned at 114 S State Street in Haw River, North Carolina, this property benefits from a prime location within the Burlington–Mebane industrial corridor, centrally situated between the Raleigh/Durham and Greensboro markets. The site is just 2 miles from Interstate 85 (Exit 150), providing seamless connectivity across the Triad and Triangle. This fully modernized, fully climate-controlled manufacturing/lab/flex warehouse comprises 34,112 square feet of highly functional industrial space designed to accommodate a wide range of manufacturing, distribution, flex, warehouse, and industrial users. The building is currently configured as one long, contiguous facility, but is set up to be easily divisible into three suites: * Suite 100 – 9,064 SF * Suite 200 – 10,023 SF * Suite 300 – 15,025 SF Users can occupy an individual suite, combine adjoining suites, or utilize the entire 34,112 SF facility. Importantly, subdivision requires minimal construction. The building already has separate utility infrastructure and metering/submetering in place to support multiple occupants, and the primary work required to physically separate the suites is simply closing the existing openings between adjoining spaces. This provides exceptional flexibility for both single-tenant and multi-tenant occupancy without the cost and complexity typically associated with subdividing an industrial facility. Loading is distributed throughout the building, allowing each suite to maintain independent drive-in access. Suite 100 features one rear 14' W × 10' H drive-in door. Suite 200 features one rear 14' W × 10' H drive-in door. Suite 300 features one front 12' W × 10' H drive-in door, two front 8' W × 9' H dock-high doors, and one rear 8' W × 10' H dock-high door designed for small-truck access only. This configuration provides excellent loading flexibility for a variety of manufacturing, warehouse, distribution, and flex users. Ceiling heights range from 12 to 15 feet, and the entire building is fully wet-sprinklered, heated, and cooled throughout. Inside the warehouse, all exterior walls feature a steel-stud framed panel system with R-42 insulation, OSB, and finished sheetrock, creating a clean, energy-efficient, and durable interior. The facility also includes three separate restroom groups, approximately 3,363 square feet of newly remodeled office space, and upgraded high-lumen LED lighting throughout for improved visibility and energy efficiency. Heavy power capacity is a standout feature, with 1,200 amps of 480-volt power and 1,600 amps of 208-volt, 3-phase power to support heavy manufacturing and equipment needs. The property also includes seven HVAC systems totaling 65 tons of capacity, all equipped with Trane Wi-Fi controls. The building is serviced by three water lines—one 2-inch and two 1-inch—as well as two separate sewer taps, including one 6-inch drain tap and one 4-inch drain tap. The building also has three electric meters and the ability to accommodate up to three gas meters, with gas service capable of more than 30 million BTUs. Together with the separate restroom groups and flexible suite configuration, this infrastructure makes subdivision and multi-tenant occupancy especially seamless. Exterior improvements are extensive and deliver a clean, professional presence. The site includes 67,000 square feet of new 5-inch-thick asphalt parking with 76 car and truck spaces, all-new curbing, an industrial outdoor storage (IOS) yard, new landscaping, and all-new exterior lighting throughout the parking lot and yard. The property is fully fenced with 800 feet of new 5-foot decorative fencing along the front and side and 700 feet of new 8-foot black chain-link screening fence enclosing the approximately 25,000-square-foot rear paved storage yard. Additional upgrades include a new 3-foot-tall brick façade across the front and side of the building and brand-new exterior windows with three modern glass entrances. Exterior doors feature remotely managed Schlage Wi-Fi access controls, allowing entry codes to be changed remotely while maintaining an electronic event log. This turnkey manufacturing/lab/flex facility combines heavy power, full climate control, modern infrastructure, excellent loading capabilities, secure outdoor storage, and an unusually flexible layout. With suite options ranging from approximately 9,000 square feet to the full 34,112 square feet, the property can accommodate users of varying sizes while offering the ability to expand into adjoining space as operational needs grow.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$132 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Fully Conditioned with Heavy Power

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

undefined, undefined, Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

UTILITIES

Lighting - Fluorescent, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

12 Ft

DOCKS

3

DRIVE INS

3

PARKING SPACES

77

LAND DETAILS

LAND ACRES

4.32

LAND SF

188,179

ZONING

I2

APN/PARCEL ID

153891,153922

ASK ABOUT THIS PROPERTY

Chantelle StoughtonNCR ManagementMore Info
336-343-2553

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Chantelle StoughtonNCR ManagementMore Info
336-343-2553

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.