804-754-5462
801 Mumford Rd, Greenville, NC for Sale
Industrial - FOR SALE
1/16
null | Request Cap Rate

801 Mumford Rd
Greenville, NC 27834
River Park North


HIGHLIGHTS

  • Stabilized Asset with Proven Mark to Market Opportunities
  • Ability to Increase NOI with Additional Revenue Streams
  • Well Maintained Asset with Minimal Capital Needs
  • Limited Supply with No New Construction
  • Strong Local and Regional Job Growth
  • High leasing velocity with over 100,000 SF of new leases signed in the past 9 months.

OVERVIEW

Mumford Industrial Park is a 32.4 Acre property with 118,000 SF of leasable space. This property presents a mark to market opportunity for an investor. High leasing velocity with over 100,000 SF of new leases signed in the past 9 months. Opportunity to increase NOI by $279,726 within 36 months of acquisition by pushing 58% of the rent roll to market rates and in-place lease escalations Average in-place rent is $6.65 PSF, which is approximately 30% below market rates at an average of $8.00 PSF. Most recently leased 32,400 SF for $7.00 PSF with 3% annual escalations and a 5 year term.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mumford Park

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

32.4

LAND SF

1,411,344

ZONING

R6

APN/PARCEL ID

001791,016145,016494,016878,016882,022579,023655,023656,028948,032669,049156,091010

ASK ABOUT THIS PROPERTY

Jake ViveretteThe Overton GroupMore Info
804-754-5462

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Jake ViveretteThe Overton GroupMore Info
804-754-5462

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