Listed by Blanton Commercial Real Estate
$524,600
1000 VAN BUREN AVE STE B INDIAN TRAIL NC 28079
Details
APN 07-081-001H02
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 2,440
Units 8
Tenancy Single
Lease Type Modified
Lease Expiration 01/31/2027
Remaining Term 0.8
Rent Bumps Yes
Lease Options 1 additional year
Year Built 2007
Buildings 6
Stories 1
Lot Size (SqFt) 2,440
Parking Spaces 6 per unit
Tenant Credit No Credit Rating
Lease Commencement 02/07/2024
Ground Lease No
Value-Add Flex Industrial Investment Opportunity in a growing market.
Marketing description
2440 SF flex located in PRIME Industrial park in Indian Trail. Unit has a front reception area, public restroom, and a mezzanine above. There is a modified gross lease in place and is under market rent rates providing a great value-add opportunity. Once the remaining lease term and or option is completed, new owner has ability to bring the rents up to market rate creating a great return. Location has an 11ft x 11ft roll up door and 18.5 foot clear height. 200 Amp 3 phase power exists. good proximity to I 485, HWY 74, and Monroe Expressway.
Do Not Disturb Tenant
Investment highlights
Below market rent rates provide an upside to an investor. Location is prime with close proximity to HWY 74, Monroe Expressway, and I-485 leading to Matthews and Charlotte.
Listing Contacts
Listed by Blanton Commercial Real Estate
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