315 Elizabeth St NW - Distribution FOR SALE


Lenoir, NC 28645
$9,500,000 USD
336-480-5380
315 Elizabeth St NW, Lenoir, NC for Sale
$9,500,000 USD
Distribution - FOR SALE
1/23
null | Request Cap Rate

315 Elizabeth St NW
Lenoir, NC 28645


HIGHLIGHTS

  • 315 Elizabeth Street NW is an excellent 800,000-square-foot facility providing an efficient floor plate and endless opportunities.
  • Building specifications include a 20-foot clear height, 20 dock doors, and about 4,000 square feet of dedicated office space.
  • Ideally located within minutes of Highway 321 with easy access to Highway 64, Interstate 45, and Charlotte.
  • Features a completely gated site with on-site security, along with plenty of surface parking and room for truck maneuvering.

OVERVIEW

315 Elizabeth Street NW offers a prime commercial warehouse for sale at a $9.37 per square foot cost, which is well below replacement costs. The estimated rent range for full occupancy is $1.50 to $2.50 per square foot, well below market comps to ensure full occupancy. This exceptional 800,000-square-foot warehouse, renovated in 2023, offers versatile industrial features, including a 20-foot clear height and 20 dock doors. Situated on a 20-acre site, there is ample parking and room for truck maneuvering. 315 Elizabeth Street NW is completely gated with on-site security. Existing credit tenants Chase Corp and SJM Marketplace occupy 148,800 square feet, and this property provides stable rental income. Strategically located minutes from Highway 321, with easy access to Highway 64, Interstate 45, and Charlotte, this property ensures excellent connectivity and logistical advantages. This ideal investment opportunity benefits from competitive rental rates and a conservative proforma cap rate. Located in western North Carolina, 315 Elizabeth Street NW provides easy highway access and convenience to major population centers. Within minutes of the property is Highway 321, delivering seamless connections to Highway 64 and Interstate 45. Charlotte is a significant North Carolina city and commercial hub that can be reached in less than an hour's drive. 315 Elizabeth Street NW is a dynamic property primed to offer an ideal investment or owner/user opportunity.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$12 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

UTILITIES

Gas, Water - City, Sewer - City, Heating

CLEAR CEILING HT

20 Ft

DOCKS

20

DRIVE INS

-

PARKING SPACES

210

LAND DETAILS

LAND ACRES

20.34

LAND SF

886,010

ZONING

I-2

APN/PARCEL ID

09194-1-1,09194-1-2

ASK ABOUT THIS PROPERTY

Eric EngstromRore Investment GroupMore Info
336-480-5380

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Eric EngstromRore Investment GroupMore Info
336-480-5380

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