701 S Wilson St, Fremont, NC 27830

58k SF Industrial Building For Sale/Or Lease

Light Industrial building for sale or lease located just 55 minutes from Raleigh. This building is currently being operated by Sanctuary Systems LLC, a mask manufacturing company that has invested over $1.1MM on recent capital improvements. The property is being marketed For Sale or For Lease. The 58,539 SF building sits on an 11 acre tract of land, with plenty of excess land for a laydown yard. The clear ceiling height is 16'-17' with 40' x 40' column spacing. The building is situated on a 5" monolithic slab concrete foundation. There are 4 parcels totaling 20.17 acres in total, with approximately 13 acres being contiguous. The building is fully sprinkled with two risers and adequate power being supplied by Progress Energy. The plant electric system has a total of 2,800 AMP, 480/277 volt, 3 phase, 4 wire switchgear. Three 500 KVA transformers.

The building is 100% air conditioned by a total of 145.5 tons of roof mounted heat pump units (13 total units) in good working order. Sprinkler system is 100% wet system, 6” risers feed off an 8” fire line with direct service from a nearby city elevated tank.

The roof is comprised of an un-ballasted rubber membrane. The eastern section was recovered in

2003 and the western section was recovered in 1991. The joints were resealed in 2002 on both sections, and water evacuation from the roof was improved. A new standing seam metal roof was installed on the

office in 2014, New EPMD Roof upgrades 2021-2023. The entire roof has been on a PM program since 2004.

The subject property had previously been used for nickel plating and had some environmental issues as a

result thereof. In 2008 the property was entered into the North Carolina Department of Environmental Quality’s Registered Environmental Consultant Program. Various environmental assessments associated with historical operations have been conducted at the site. These activities included assessment of sludge management areas and solvent management practices.

These assessments included evaluation of groundwater, soil and vapors. In 2015 groundwater remediation was conducted at the site by injecting chemicals designed to enhance natural attenuations processes. Since that time, groundwater samples are collected and tested twice each year. It is our understanding that the onsite contaminants have been dissipating at regular

intervals according to current testing, and that no new contaminants have been found.

RECENT UPDATES AND IMPROVEMENTS:

Electrical

1) New Main Disconnect

2) New Transformers

3) New wiring throughout the plant

4) New LED Lighting

Total - $452,500

Plumbing

1) Plumbing repairs throughout the plant

Total - $52,000

Building Maintenance

1) New EPDM roof coating – 2021 & 2023

2) New downspouts in rear of building

3) Clean Rooms

4) Office and Breakroom Buildout

5) Lab Remediation

6) Fire System Upgrade

7) Painting

8) Bay Doors and Door Repair

9) Emergency Lighting

10) Property Maintenance – Generic

Total - $470,000

HVAC

1) New 15 Ton Unit

2) HVAC Repair – Daikin

Total - $100,000

Telecommunications

1) Internet Upgrades

2) Repeaters throughout the plant

3) CAT 6 Cables

Total - $27,000

Grand Total - $1,101,500

Tenant is still operating at this time, for showing information please contact listing agent Martin Tanski with The Overton Group at:

martin@overtongroup.net

919-368-2868