Magna Carta Investment Group
Listed by Magna Carta Investment Group
$6,249,000
Value Add Industrial - Winston Salem
Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 114,573
Net Rentable (SqFt) 114,573
Cap Rate 8.01%
NOI $500,277
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Options None
Pro-Forma Cap Rate 10.08%
Pro-Forma NOI $630,152
Price per SqFt $55
Broker Co-Op Yes
Year Built 1970
Buildings 1
Stories 1
Acreage 4.120
Investment Type Value Add
Lease Commencement 07/31/2021
Ground Lease No
Ceiling Height 16
Loading Docks 10
Dock High Doors 10
Value Add Industrial Distribution Deal - Current In Place Income with Upside Potential
Marketing description
Magna Carta Investment Group is Pleased to Exclusively Offer For Sale the 114,573 SF Value-Add Industrial Building Located at 315 Cassell Street in Winston-Salem, NC. This Deal is located 1.2 miles from I-40 and .5 miles from I-285.
Investment highlights
- Prime Location - 1.2 Miles from I-40 & 0.5 Miles from I-285
- Below Replacement Cost - Priced at $54.54 the asset is well below warehouse/distribution replacement cost
- Current Income & Value Add - The in-place lease provides for a cash flowing assets while renegotiating with the current tenant or finding a new tenant
- Pro Forma 10.08% Cap Rate - Market Rents range from $5-$5.50/SF. Leasing the building at $5.50/SF provides for significant upside
- Flexible Lease Term - Owner User has the opportunity to remove the current tenant with a 90-day notice
- Dock High Doors 10
- Loading Docks 10
Listing Contacts
Magna Carta Investment Group
Listed by Magna Carta Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$500,277.00
$41,689.75/mo
Valuation Metrics
0
DSCR
8.01%
Cap Rate
8.01%
ROI
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