Historical Industrial Sale Listing - Refrigerated Distribution Center

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Refrigerated Distribution Center

833 Shotwell Road, Clayton, NC 27520

N/A

343,141 SF | Industrial

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Refrigerated Distribution Center

Industrial Property - Off Market

Price:
N/A
Building Size:
343,141 SF
Property Type:
Industrial
Property Sub-type:
Refrigerated/ Cold Storage
Additional Sub-types:
Distribution Warehouse
Property Use Type:
Investment
Cap Rate:
7.50%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
1997
Clear Ceiling Height:
28 ft.
Dock-High Doors/Loading:
45
Drive In/Grade-Level Doors:
1
Lot Size:
35 AC
APN / Parcel ID:
05G02002U
Listing ID
14670889
Last Updated
over 1 year ago

Utilities

  • Fenced Yard
  • Trailer Parking
  • Cooling is available
  • Heating is available
  • Lighting is Available
  • Electricity/Power
  • Sprinklers

Highlights

  • Single tenant, net-leased investment with a national credit tenant
  • Offered at significantly below replacement cost
  • Excellent central distribution location offering easy access to I-40 and I-95
  • Increased after-tax benefit from accelerated depreciation of cold storage improvements
  • Highly functional, high clear multi-temperature cold storage property with expansion capability
  • Natural competitive “barrier-to-entry” due to significant capital required to reproduce new freezer/cooler space

Description

The Property totals 343,141 square feet of refrigerated warehouse in one building. The building is part of a five-building former Winn Dixie Distribution Center complex constructed in 1997. The building offers 45 dock-high loading doors and one ramp-up ground level access door and 28 clear height suspended ceiling throughout the refrigerated warehouse. With 24,510 square feet of -20Úand 69,550 square feet of 0Ú freezer space this building offers a unique amenity desired by cold storage distribution companies. The freezers have sub-floor electric heaters with blowers and 8 PVC vent pipes. All the refrigeration is ammonia driven with surplus compressor capacity.

The Town of Clayton is strategically located on US Highway 70 with easy access to Interstates 95 and 40. I-95 is the primary north-south distribution corridor along the eastern seaboard of the United States. Located just 30 miles from Raleigh and approximately 120 miles from Wilmington, Clayton is equidistant between New York City and Miami, Florida. Over one million cars per month traverse the north/south corridor established by Interstate 95. An even larger volume of traffic utilizes US Highway 70 between I-95 and the State Capitol. I-40 provides east-west access to major markets in the Midwest and southwest US.

Map of 833 Shotwell Road, Clayton, NC 27520 (Johnston County)

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Created 6/20/2006