615-324-0785
3503 Page Rd, Morrisville, NC for Sale
Light Distribution - FOR SALE
1/5
null | Request Cap Rate

3503 Page Rd
Morrisville, NC 27560


HIGHLIGHTS

  • ±57,000 SF New Construction Industrial at 24’ Clear and 120’ Deep
  • State-of-the-Art Medical Grade Cold Storage Facility
  • Single Tenant 12-Year Net Lease | 100% Occupied
  • Strategically Located in Research Triangle Park Submarket | 3.5 Miles from RDU Airport

OVERVIEW

Foundry Commercial is pleased to present the opportunity to acquire World Trade Park, a newly constructed, ±57,000 SF Class A industrial/R&D facility (the “Property”), located in the Research Triangle Park submarket. The property is newly constructed and state-of-the-art with the infrastructure capable of handling Raleigh’s life science and R&D tenant base. The tenant Kyrocal LLC (dba Kryosphere) offers full service biorepository solutions by providing medical grade cold storage, providing critical infrastructure to the surrounding R&D users. They recently signed a 12-year net lease and have invested over $5M into the build out with an additional $5M investment in their cooler/freezer equipment, demonstrating their commitment to the location. This is an incredible opportunity for investors to acquire a fully stabilized highly versatile property with a long-term credit tenant and strong cash flows, in one of the most sought-after markets in the county.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

World Trade Park

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

ADD'L SUBTYPES

Distribution, Refrigeration/Cold Storage

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

UTILITIES

-

CLEAR CEILING HT

24 Ft

DOCKS

11

DRIVE INS

2

PARKING SPACES

133

LAND DETAILS

LAND ACRES

4.1

LAND SF

178,701

ZONING

IX-3-CU

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Rick HeltonFoundry CommercialMore Info
615-324-0785

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Rick HeltonFoundry CommercialMore Info
615-324-0785

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