Listed by Lee & Associates - Raleigh Durham
$2,000,000
1100 - 1110 Atlantic Avenue
Details
APN 3850-97-1332,3850-97-4156
Property Type Industrial
Sub Type Warehouse
Square Footage 51,496
Cap Rate 6.70%
NOI $133,786
Tenancy Multi
Rent Bumps Yes
Lease Options (1) 5-year
Buildings 4
Acreage 5.770
Zoning I2 - Heavy Industrial
Investment Type Value Add
Dock High Doors 17
Industrial | 6.70% CAP | 51,496 SqFt
Marketing description
1100 - 1110 Atlantic Avenue offers a strong opportunity for both owner-users and investors looking for a flexible, functional industrial asset in one of Eastern North Carolina's growing logistics corridors. The site includes over 51,000 square feet across four buildings, along with ample yard space and infrastructure such as cranes, heavy power, and a potential fueling station.
With in-place income, Building 2 presents a clear path for an owner-user to occupy while also offering upside through lease-up and additional income potential.
Investment highlights
- Crane-served warehouse
- Existing paint booth and wash bay
- Fenced outdoor storage yard
- On-site fueling station
- Heavy 3-phase power
- Fully paved loading and circulation areas
- Multiple grade-level doors for efficient circulation
- Annual base rent for Bldg. 1 & 3 is now $115,846.16
- Annual base rent for Bldg. 4 is $17,940
- The NOI is now $133,786.16
Listing Contacts
Listed by Lee & Associates - Raleigh Durham
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$133,786.16
$11,148.85/mo
Valuation Metrics
0
DSCR
6.69%
Cap Rate
6.69%
ROI
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