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1032 Central Dr NW 1032 Central Dr NW 15,980 SF 100% Leased Industrial Building Concord, NC 28027 $2,350,000 ($147.06/SF) 6.06% Cap Rate

Warehouses North Carolina Concord 1032 Central Dr NW, Concord, NC 28027

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Investment Highlights

  • Established Multi-Tenant Investment

Executive Summary

Unit A has 1 year remaining with three 1-year renewal options
Unit B has 2 years remaining with no renewal options
Unit C has 2 years remaining with one 1-year renewal option
Current Annual NOI: $142,410-Rolling 12 Months
Pro Forma 2026 Annual NOI: $165,635
Excellent Access to I-85
Strong Charlotte-Concord Industrial Market
Immediate Cash Flow

Attachments

C21-OM-1032 Central Dr

Property Facts

Price $2,350,000 Lot Size 1.15 AC
Price Per SF $147.06 Rentable Building Area 15,980 SF
Sale Type Investment No. Stories 1
Cap Rate 6.06% Year Built 1990
Property Type Industrial Parking Ratio 0.13/1,000 SF
Property Subtype
Warehouse
  • Flex Light Manufacturing
  • Flex Research & Development
  • FlexLight Distribution
 No. Dock-High Doors/Loading 1
Building Class B No. Drive In / Grade-Level Doors 3
Zoning I-1 - Zoning: I-1. Concord’s I-1 (Light Industrial) district is intended for a mix of light manufacturing, office-park/flex uses, and limited retail.
Price $2,350,000
Price Per SF $147.06
Sale Type Investment
Cap Rate 6.06%
Property Type Industrial
Property Subtype
Warehouse
  • Flex Light Manufacturing
  • Flex Research & Development
  • FlexLight Distribution
Building Class B
Lot Size 1.15 AC
Rentable Building Area 15,980 SF
No. Stories 1
Year Built 1990
Parking Ratio 0.13/1,000 SF
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 3
Zoning I-1 - Zoning: I-1. Concord’s I-1 (Light Industrial) district is intended for a mix of light manufacturing, office-park/flex uses, and limited retail.

Amenities

  • Fenced Lot
  • Front Loading
  • Storage Space
  • Air Conditioning
  • Smoke Detector

Utilities

  • Gas
  • Water
  • Sewer
  • Heating

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Abl Electronic Supplies Inc
  • Wholesaler
  • 2,600 SF
  • -
  • Triple Net
  • -
  • Legacy Elite LLC
  • Arts, Entertainment, and Recreation
  • 2,400 SF
  • -
  • Triple Net
  • -
  • Western Electric
  • Manufacturing
  • 10,000 SF
  • -
  • Triple Net
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Abl Electronic Supplies Inc Wholesaler 2,600 SF - Triple Net -
Legacy Elite LLC Arts, Entertainment, and Recreation 2,400 SF - Triple Net -
Western Electric Manufacturing 10,000 SF - Triple Net -
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Minimal public transit
10/100
Fairly bikeable
40/100
Source: Local Logic®

Property Taxes

Parcel Number 5611-97-2214-0000 Improvements Assessment $906,630
Land Assessment $215,440 Total Assessment $1,122,070

Property Taxes

Parcel Number
5611-97-2214-0000
Land Assessment
$215,440
Improvements Assessment
$906,630
Total Assessment
$1,122,070
(984) 239-8452

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Contact the brokers for more information about this property

Contacts

  • Listing ID: 41244203

  • Date on Market: 7/10/2026

  • Last Updated:

  • Address: 1032 Central Dr NW, Concord, NC 28027

The Industrial Property at 1032 Central Dr NW, Concord, NC 28027 is currently available for Sale. Contact Century 21 Commercial Triangle Group for more information.

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1032 Central Dr NW | 1032 Central Dr NW

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