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1242 13th St SW 10,000 SF Industrial Building Hickory, NC 28602 $1,373,000 ($137.30/SF) 6.75% Cap Rate
EXECUTIVE SUMMARY
Located in Hickory, North Carolina, this ± 10,000 SF building is leased to Putzmeister America, Inc., a global industrial equipment manufacturer. The building is situated on
6.045 acres and is in close proximity to I-40. Recent capital improvements include new office upfit, fenced and graded laydown yard, and four new gas warehouse heaters.
Existing NNN lease is through April 2031. Landlord responsibilities limited to roof and structure. Tenant covers $10,000 annually before landlord contributes to any roof cost. 3% Annual increases.
6.045 acres and is in close proximity to I-40. Recent capital improvements include new office upfit, fenced and graded laydown yard, and four new gas warehouse heaters.
Existing NNN lease is through April 2031. Landlord responsibilities limited to roof and structure. Tenant covers $10,000 annually before landlord contributes to any roof cost. 3% Annual increases.
PROPERTY FACTS
| Price | $1,373,000 | Rentable Building Area | 10,000 SF |
| Price Per SF | $137.30 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1986 |
| Cap Rate | 6.75% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.9/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 18’ |
| Building Class | C | No. Dock-High Doors/Loading | 2 |
| Lot Size | 6.04 AC | No. Drive In / Grade-Level Doors | 1 |
| Zoning | IND - Industrial | ||
| Price | $1,373,000 |
| Price Per SF | $137.30 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 6.04 AC |
| Rentable Building Area | 10,000 SF |
| No. Stories | 1 |
| Year Built | 1986 |
| Tenancy | Single |
| Parking Ratio | 0.9/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | IND - Industrial |
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PROPERTY TAXES
| Parcel Number | 2792168305360000 | Improvements Assessment | $383,500 |
| Land Assessment | $85,100 | Total Assessment | $468,600 |
PROPERTY TAXES
Parcel Number
2792168305360000
Land Assessment
$85,100
Improvements Assessment
$383,500
Total Assessment
$468,600
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1242 13th St SW
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