3350 20th Ave SE - Industrial FOR SALE


Newton, NC 28658 | 
$1,600,546 USD
704-909-2471
3350 20th Ave SE, Newton, NC for Sale
$1,600,546 USD
Industrial - FOR SALE
1/9
null | 7.46% Cap Rate

3350 20th Ave SE
Newton, NC 28658


HIGHLIGHTS

  • 7.46% In-Place Cap Rate
  • 25,137 SF Industrial Facility
  • 7.46% in-place cap rate
  • NNN Lease
  • 0.5 Mile from I-40
  • 5.5 Miles from Hwy 321

OVERVIEW

3350 20th Ave SE is a 25,137 SF industrial investment property situated on approximately 1.61 acres in Newton, North Carolina. The property is 100% occupied and NNN leased to Larsens, LLC, with contractual 2.0% annual rent increases. The property offers convenient regional access 0.5 mile from Interstate 40 and 5.5 miles from US Highway 321. The facility accommodates industrial, warehouse, office and retail uses and is located within an established industrial corridor surrounded by a variety of regional and national businesses. The property is offered for sale at $1,600,000, representing approximately $63.65/SF and a 7.46% in-place cap rate.

FOR SALE DETAILS

PRICE

$1,600,546 USD

PRICE/SF

$64 USD /SF

CAP RATE

7.46%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

ADD'L SUBTYPES

undefined, Warehouse, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

UTILITIES

Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

15.083333333333334 Ft

DOCKS

5

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.61

LAND SF

70,132

ZONING

IND

APN/PARCEL ID

3721128523330000

ASK ABOUT THIS PROPERTY

Jonathan BeallRED PartnersMore Info
704-909-2471

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Jonathan BeallRED PartnersMore Info
704-909-2471

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