CBRE is pleased to offer for sale to qualified investors or owner/users 840 West Salisbury Street, an interconnected three-building campus adjacent to Interstates 73 & 74 in Asheboro, North Carolina. The property consists of a 131,536 square foot building on three parcels totaling approximately 9.78 acres in the Asheboro Commercial Business District submarket. Current zoning is I-2, Industrial Development District, per City of Asheboro records.
The Seller, Bossong Hosiery Mills (“Bossong”), will leaseback 92,768 square feet for a ten (10) year term at a market lease rate on a Triple Net (NNN) basis. The Buyer will be left with a very functional, fully air-conditioned 38,768 square foot warehouse to lease to a third-party or utilize for its own purposes. The vacant area was a later warehouse addition and offers a natural separation from the 92,768 production area that Bossong will retain. Bossong has a stable, 100 year operating history and is a fixture in the Asheboro community.
Situated in Randolph County, the geographic heart of North Carolina, 840 West Salisbury Street enjoys an enviable location on the I-73/74 corridor with ease of access to the Greensboro, Charlotte and Raleigh markets.