801 Warehouse St - Warehouse FOR SALE


Greensboro, NC 27405- Northeast Greensboro
$7,498,041 USD
917-566-5944
801 Warehouse St, Greensboro, NC for Sale
$7,498,041 USD
Warehouse - FOR SALE
1/9
null | 7.25% Cap Rate

801 Warehouse St
Greensboro, NC 27405
Northeast Greensboro


HIGHLIGHTS

  • Year Built: 1961 (original), 1984 (addition)
  • Property is located in an “Opportunity Zone”.
  • 5,118 SF of office space
  • Nine (9) loading dock positions.
  • Parking: 24 trailer stalls + 17 car stalls

OVERVIEW

The property at 801 Warehouse Street in Greensboro, NC presents a rare single-tenant industrial NNN investment opportunity in a strategic, high-growth market. Situated on 4.35 acres in an Opportunity Zone, the 138,959 SF building—originally constructed in 1961 with an addition in 1984—features 5,118 SF of office space, nine dock-high doors with levelers, 24 trailer stalls, 17 car stalls, and clear heights ranging from 10’6” to 22’10”. The facility offers typical bay dimensions of 50’ x 240’, a dry sprinkler system, and metal roof structure with brick exterior walls. Currently leased to South Atlantic Bonded Warehouse Corporation, a well-established third-party logistics provider with operations dating back to 1909, the property benefits from strong in-place income and a lease term running from July 1, 2025 through June 30, 2030. The NNN lease structure places all expenses on the tenant, with average annual rent of $543,608 and scheduled annual escalations from $2.63/SF in year one to $4.16/SF in year five. A seller credit of $155,634 will be provided at closing to true-up first-year NOI. South Atlantic Companies delivers comprehensive 3PL, warehousing, transportation, and contract packaging services across the Southeast, leveraging modern platforms like Nulogy and PackManager, and also engages in industrial real estate development. The property’s Greensboro location offers exceptional logistics connectivity via Interstates 40, 85, 73, and 74, with proximity to Piedmont Triad International Airport and a skilled regional labor pool supported by UNC Greensboro, NC A&T, and Guilford Technical Community College. Greensboro’s industrial market remains robust, marked by limited supply, increasing rental rates, and strong demand from e-commerce, 3PL, and light manufacturing tenants, positioning this asset for stable returns and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$7,498,041 USD

PRICE/SF

$52 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

9

DRIVE INS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

4.35

LAND SF

189,486

ZONING

HI

APN/PARCEL ID

0033367

ASK ABOUT THIS PROPERTY

Vincenzo VerdinoCityPlatMore Info
917-566-5944

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Vincenzo VerdinoCityPlatMore Info
917-566-5944

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