Offered at $7,800,000 (~$114/SF), this newly built 68,386 SF Class A industrial warehouse presents a rare opportunity to acquire a high-quality, income-producing asset below replacement cost in a high-growth corridor. The property is approximately 83% leased to strong tenants on NNN leases, generating an estimated $455,000 in Year 1 net operating income, equating to a ~5.8% cap rate. With active marketing of the remaining 11,544 SF of high-bay vacancy at ~$8/SF NNN, the asset offers a clear path to stabilization and projected Year 2 NOI of ~$547,000 (~7.0% cap rate), delivering immediate income upside.
Tenants reimburse all operating expenses, and many provide fixed NNN contributions that may exceed actual costs, creating additional profit through expense spread. This high-quality industrial asset combines stable in-place cash flow with near-term upside and long-term value creation, making it an attractive investment in one of the region’s most dynamic and rapidly growing submarkets.