790 E. 21st Street
Industrial | 75,378 SqFt
Marketing description
Bryant Capital Advisors is pleased to present the exclusive offering of 790 E 21st Street, a fully occupied multi-tenant industrial investment opportunity located within Winston-Salem's established industrial corridor near Smith Reynolds Airport and the broader Triad logistics network. The steel constructed property consists of ~75,378 square feet on 3.84 acres and supports a diversified mix of warehouse, manufacturing, and service-oriented industrial users through a flexible multi-suite configuration.
With longstanding tenants of nearly 10 years, the asset currently generates approximately $293,000 of in-place NOI with average in-place rents of approximately $4.10 per square foot across 74,334 leased square feet. Existing rents remain below projected market levels, creating a clear mark-to-market opportunity through future lease rollover and rent normalization. Current ownership projections indicate the potential for NOI growth to approximately $535,000 upon stabilization.
Current ownership has invested approximately $1 million in capital improvements, including a new roof, sprinkler upgrades, expanded electrical service, natural gas infrastructure, loading enhancements, parking improvements, additional roll-up doors, and renovated restrooms, significantly reducing near-term capital requirements for future ownership.
The property benefits from direct connectivity to Interstate 40, US-52, and the broader Triad logistics corridor, which continues to attract manufacturing, distribution, and service-oriented industrial users seeking lower occupancy costs relative to larger Southeast markets. Combined with strong regional industrial fundamentals and limited vacancy, the asset is positioned to benefit from continued tenant demand and long-term rental growth.
Investment highlights
- 100% occupied with longstanding tenants of nearly 10 years
- Significant mark-to-market rental upside
- $1M in recent capital improvements
- Steel construction with flexible warehouse & manufacturing configuration
- Direct access to I-40, US-52, and US-421
- Located within a low-vacancy industrial market
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