685 & 697 Southwest St Industrial FOR SALE


High Point, NC - Greater High Point
$5,400,000 USD
864-235-6855
, High Point, NC for Sale
$5,400,000 USD
Industrial - FOR SALE
1/9
null | 6% Cap Rate

685 & 697 Southwest St
High Point, NC
Greater High Point


OVERVIEW

Below Market Rent: With current market average rental rates of $6.01 PSF for industrial buildings of similar size and nature, this property’s current rental rate of $3.22 PSF is well below the market average, offering investors an abundance of near term NOI growth and value creation. Attractive/Low Price Point: With a list price of $53.63 PSF, the property’s low “price per pound” being well below replacement costs offers investors immediate exceptional upside potential. Limited Landlord Responsibilities: This property’s NNN lease offers investors stable cash flows with minimal landlord responsibilities. Great Interstate Access: With great access to interstates I-85 and I-74, this property is ideally situated to deliver its current, and future, tenant(s) excellent access to a strong transportation network. High-Demand Asset Class: Industrial space in North Carolina is an extremely attractive asset class due to the rapid migration of population & investment capital to the region. Exceptional Market: The Piedmont Triad, a 12-county region in central North Carolina, is home to ±1.8 million people and offers a strategic location within 650 miles of over half the U.S. population. With 13 colleges and universities, the region continues to produce a highly skilled workforce. High Point further enhances the Triad’s global reach, hosting more than 80 internationally headquartered companies with year-round operations.

ASK ABOUT THIS PROPERTY

Peter Couchell, CCIMNAI Earle Furman LLCMore Info
864-235-6855

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

Peter Couchell, CCIMNAI Earle Furman LLCMore Info
864-235-6855

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