1555 Pinnacle Way Dr - Industrial FOR SALE


Landis, NC 28088
$3,877,000 USD
704-778-6100
1555 Pinnacle Way Dr, Landis, NC for Sale
$3,877,000 USD
Industrial - FOR SALE
1/23
null | 7.3% Cap Rate

1555 Pinnacle Way Dr
Landis, NC 28088


OVERVIEW

Purchase Price: $3,877,000 7.3% Cap Rate New 10 Year Initial Term 31,450 total Sq. Ft. IND Industrial Zoning 2.81 Acres total with IOS This investment opportunity for industrial real estate is conveniently located next to downtown Landis and I-85. The current tenant (VANQUISH Fencing Incorporated) has a new 10 year initial lease term with three renewal options of 5 years each and 3% annual escalations through the term and options.**Operational business, do not disturb. Total SF: 31,450 SF with 140’ x 200’ footprint Warehouse: 24,550 -77% Office: 6,900 (23%)Year Built: 2019 (LaFave’s Construction Co.)Total Acres: 2 Total Current Zoning: IND – Industrial, Town of LandisPower: 1Ph 480/277 from Utility AIC rating 5640/04.22.2024 With Generac brand (model 12681210) backup generator natural gas from utility.Roofing: Corrugated MetalSprinkler System: Wet systemColumn Spacing: 25’ at center lineClear Height (Under Beam): ±17 to ± 20Clear Height to Roof Deck: ±20 to ±23Drive in Door(s): 5 total, 3 on East side, 1 on West side and 1 on North side of building. Drive in Door Dimensions: East and West doors 14’ x14’, North side 10’ x 10’Loading Dock: 14.33’ concrete ramp (6” thick) at North side of Building with 10’ overhang. Security: Building is fully fenced with security cameras. Floors: Concrete slab in warehouse, carpet and laminate in office areas. HVAC: 3 ceiling mounted natural gas-fired units in the warehouse, 7 heat pump units for offices. ** Business in place, please do not disturb.

FOR SALE DETAILS

PRICE

$3,877,000 USD

PRICE/SF

$97 USD /SF

CAP RATE

7.3%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.82

LAND SF

122,839

ZONING

-

APN/PARCEL ID

156-C091

ASK ABOUT THIS PROPERTY

Ryan Kinney, CCIMNew Branch Real Estate Advisors, LLCMore Info
704-778-6100

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Ryan Kinney, CCIMNew Branch Real Estate Advisors, LLCMore Info
704-778-6100

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