2920 Lee Ave - Industrial FOR SALE


Sanford, NC 27332
$2,621,350 USD
919-576-2500
2920 Lee Ave, Sanford, NC for Sale
$2,621,350 USD
Industrial - FOR SALE
1/5
null | 6.5% Cap Rate

2920 Lee Ave
Sanford, NC 27332


HIGHLIGHTS

  • Laydown yard
  • outside storage
  • Close proximity to the US 421 Hwy Bypass, offering a four-lane divided highway to US 1 Hwy and the Raleigh-Durham metro area.

OVERVIEW

Freestanding flex investment with laydown available for purchase with a new, 10-year Herc Rental Lease. 9,690 SF flex/warehouse with ±1 acre of laydown yard 1.9 acres Zoned C-2 Turnkey office, showroom and 2 warehouses Warehouse 1: 6,690 SF total (6 drive-in doors) Warehouse 2: 3,000 SF total (4 drive-in doors) Lease Commencement: March 1, 2025 Lease Expiration: April 30, 2035 Lease Term: 10yrs Options Remaining: Two (2) options to renew for five (5) years each Lease Type: NN Rent Increases: 2.5% annually Cap rate: 6.5% NOI: $170,388 Sale price: $2,621,350

FOR SALE DETAILS

PRICE

$2,621,350 USD

PRICE/SF

$271 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

10

PARKING SPACES

12

LAND DETAILS

LAND ACRES

1.9

LAND SF

82,764

ZONING

C-2

APN/PARCEL ID

9651-68-7716-00

ASK ABOUT THIS PROPERTY

Silas FortuinLee & AssociatesMore Info
919-576-2500

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Silas FortuinLee & AssociatesMore Info
919-576-2500

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