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1000 Van Buren Ave 2,440 SF Flex Condo Unit Offered at $524,600 in Indian Trail, NC 28079
Investment Highlights
- 18.5 Clear height and great location
- Under market rents provide a great upside for an investor
Executive Summary
2440 SF flex located in PRIME Industrial park in Indian Trail. Unit has a front reception area, public restroom, and a mezzanine above. There is a modified gross lease in place and is under market rent rates providing a great value-add opportunity. Once the remaining lease term and or option is completed, new owner has ability to bring the rents up to market rate creating a great return. Location has an 11ft x 11ft roll up door and 18.5 foot clear height. 200 Amp 3 phase power exists. good proximity to I 485, HWY 74, and Monroe Expressway. Do Not Disturb Tenant
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 6 |
| Cap Rate | 3.52% |
| Sale Type | Investment |
| Cap Rate | 3.52% |
| No. Parking Spaces | 6 |
Description
Flex 2,440 SF Condo Unit. Units contains front reception area, public restroom, mezzanine and tenant breakroom. Warehouse space has 18.5' clear height and one 11' x 11' roll up door.
Sale Notes
2440 SF flex located in PRIME Industrial park in Indian Trail. Unit has a front reception area, public restroom, and a mezzanine above. There is a modified gross lease in place and is under market rent rates providing a great value-add opportunity. Once the remaining lease term and or option is completed, new owner has ability to bring the rents up to market rate creating a great return. Location has an 11ft x 11ft roll up door and 18.5 foot clear height. 200 Amp 3 phase power exists. good proximity to I 485, HWY 74, and Monroe Expressway.
Do Not Disturb Tenant
Do Not Disturb Tenant
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit B | 2,440 SF | Flex | $524,600 ($215.00/SF) | $18,455.82 |
Unit B
| Unit Size |
| 2,440 SF |
| Condo Use |
| Flex |
| Price |
| $524,600 ($215.00/SF) |
| NOI |
| $18,455.82 |
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Unit B
| Unit Size | 2,440 SF |
| Condo Use | Flex |
| Price | $524,600 ($215.00/SF) |
| NOI | $18,455.82 |
| Sale Type | Investment |
| Cap Rate | 3.52% |
| No. Parking Spaces | 6 |
| Description | |
| Flex 2,440 SF Condo Unit. Units contains front reception area, public restroom, mezzanine and tenant breakroom. Warehouse space has 18.5' clear height and one 11' x 11' roll up door.</li></ul> | |
| Sale Notes | |
| 2440 SF flex located in PRIME Industrial park in Indian Trail. Unit has a front reception area, public restroom, and a mezzanine above. There is a modified gross lease in place and is under market rent rates providing a great value-add opportunity. Once the remaining lease term and or option is completed, new owner has ability to bring the rents up to market rate creating a great return. Location has an 11ft x 11ft roll up door and 18.5 foot clear height. 200 Amp 3 phase power exists. good proximity to I 485, HWY 74, and Monroe Expressway.<br> Do Not Disturb Tenant</li></ul> |
Property Facts
The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 19,520 SF | Typical Floor Size | 19,520 SF |
| Property Type | Year Built | 2007 | |
| Building Class | B | Lot Size | 2.27 AC |
| Floors | 1 | Parking Ratio | 2.77/1,000 SF |
| Zoning | LI - Light industrial | ||
| Total Building Size | 19,520 SF |
| Property Type | |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 19,520 SF |
| Year Built | 2007 |
| Lot Size | 2.27 AC |
| Parking Ratio | 2.77/1,000 SF |
| Zoning | LI - Light industrial |
Amenities
- Signage
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Major Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Working Widget Technology LLC |
99,999 SF SF
|
Jan 0000
|
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1000 Van Buren Ave
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