3870 US Highway 421 N - Warehouse FOR SALE


Wilmington, NC 28401
$12,200,000 USD
910-344-1008
3870 US Highway 421 N, Wilmington, NC for Sale
$12,200,000 USD
Warehouse - FOR SALE
1/24
null | 6.22% Cap Rate

3870 US Highway 421 N
Wilmington, NC 28401


HIGHLIGHTS

  • Net Lease Investment, with a brand new lease executed at closing.
  • 60 month term, with annual escalations.
  • Proven tenant that has been in business for over 60 years.
  • Attractive fundamentals, with a market lease rate on highly active real estate in a strong market.

OVERVIEW

Cape Fear Commercial is pleased to present the Sale-Leaseback of the Yogasleep headquarters, a recently constructed ±71,035 SF freestanding warehouse in Wilmington, NC. The building is currently owned and occupied by an affiliated entity of Yogasleep (Marpac, LLC), a leading manufacturer and distributor of sound machines and other innovative sleep-related products.

FOR SALE DETAILS

PRICE

$12,200,000 USD

PRICE/SF

$172 USD /SF

CAP RATE

6.22%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

YOGASLEEP - NET LEASED INVESTMENT

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

UTILITIES

-

CLEAR CEILING HT

34 Ft

DOCKS

6

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.73

LAND SF

467,399

ZONING

I-2

APN/PARCEL ID

R02400-001-003-000

ASK ABOUT THIS PROPERTY

Paul LoukasCape Fear CommercialMore Info
910-344-1008

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Paul LoukasCape Fear CommercialMore Info
910-344-1008

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