840 W Salisbury St - Manufacturing FOR SALE


Asheboro, NC 27203
$5,650,000 USD
336-601-1080
840 W Salisbury St, Asheboro, NC for Sale
$5,650,000 USD
Manufacturing - FOR SALE
1/4
null | Request Cap Rate

840 W Salisbury St
Asheboro, NC 27203


HIGHLIGHTS

  • Property Size: 9.78 Acres (Three Parcels)
  • Year Built: 1935 (Improvements in 1957 & 1970)
  • Currently 100% occupied; anticipated occupancy after sale-leaseback is 71%

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,650,000 USD

PRICE/SF

$43 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1935

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

3

DRIVE INS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

9.78

LAND SF

426,017

ZONING

I2A GENERA

APN/PARCEL ID

7751-44-5043

ASK ABOUT THIS PROPERTY

336-601-1080

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336-601-1080

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