212 Nuway Packing Dr - Food Processing FOR SALE


Forest City, NC 28043
$8,000,000 USD
610-304-9347
212 Nuway Packing Dr, Forest City, NC for Sale
$8,000,000 USD
Food Processing - FOR SALE
1/36
null | Request Cap Rate

212 Nuway Packing Dr
Forest City, NC 28043


HIGHLIGHTS

  • Unique opportunity to acquire a food processing warehouse with substantial quality infrastructure and 17,000 SF of dry storage at ambient temperature.
  • Renovations include ceilings, floors, electrical, and nearly 30,000 SF of freezer and cooler that has been recently updated.
  • Surrounded by an industrial manufacturing base with many customers reachable by truck within a two-day drive.
  • Easily accessible to I-26, I-85, Route 73, and major markets of Atlanta, Raleigh, and Charlotte.

OVERVIEW

212 Nuway Packing Drive is a 180,000-square-foot frozen food manufacturing plant with a rich history. Initially a fast-food merchandiser for Hardee’s Restaurants, the facility was converted in 2003 to 16 lines for Denny’s Restaurants and Quiznos Soups. In 2012, the plant went through a needed renovation of the ceilings, floors, and electrical and began production of pastas, sauces, and assorted proteins under its most recent occupant, Valley Fine Foods. This facility offers a unique opportunity to acquire a food processing building that has a substantial quality infrastructure. Its nearly 30,000 square feet of freezer and cooler have been recently updated and stands to be a valuable investment. The property is 30 miles north of Spartanburg, 50 miles to the Greer Inland Port, and accessible to Interstate 26 and Interstate 85 via Route 74. Interstate 26 provides a direct route to the Port of Charleston, the most efficient port on the East Coast. Rutherford County is located in the foothills of Western North Carolina, approximately halfway between Atlanta, Georgia, and Raleigh, North Carolina. The intersection of major north-south and east-west interstates in North Carolina makes it a natural hub for trucking access to points nationwide. Within 700 miles of North Carolina’s borders are 170 million US and Canadian consumers and more than 60% of the country’s industrial manufacturing base. Many of these customers can be reached by truck in two days or less.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$44 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Food Processing

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1984

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

8

DRIVE INS

2

PARKING SPACES

520

LAND DETAILS

LAND ACRES

31.65

LAND SF

1,378,674

ZONING

M1

APN/PARCEL ID

1627823

ASK ABOUT THIS PROPERTY

Austin WolfingtonHunter Durant, LLCMore Info
610-304-9347

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Austin WolfingtonHunter Durant, LLCMore Info
610-304-9347

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.