110 E Meadowview Rd
Greensboro, NC 27406
Industrial Property For Sale

Interstate Commerce Park (ICP) is a 218,537 square foot distribution and warehousing property comprised of five buildings on 9.99 acres of land in Greensboro, North Carolina. ICP presents the rare opportunity of owning a fully stabilized asset, while at the same time providing a value-add opportunity due to future lease expirations that provides for organic rent growth and upside. One of the site’s greatest assets is its location at the intersection of I-85/I-40 and S. Elm/Eugene Street at exit #125. The property has visibility from I-85/I-40, which has 154,827 VPD and has frontage on Elm/Eugene Street, which has 30,137 VPD. The property has historically low vacancy rates, and the current occupancy rate is 100%. Two factors have mainly attributed to the low vacancy rate: first, the below market rental rates are attractive to tenants, and second, the location is convenient and has easy access to I-85 and the entire North Carolina Triad area. This is especially attractive to distributors with intensive shipping/trucking requirements. ICP is not only an ideal building for distribution and warehousing tenants, but it also represents an outstanding opportunity for real estate investors. The property has a great tenant mix with national tenants such as Goodyear Tire, Prologix, and Northern Composites, but also strong regional and local tenants such as Snider Tire, Cregger and Pegram-West.