201 Dickens Rd
Fuquay Varina, NC 27526
Industrial Property For Sale

The Property is leased to Berk-Tek-Nexans in Fuquay-Varina, NC. The Fuquay-Varina location for Berk-Tek manufactures a full complement of fiber optic cabling products. You can learn more about Berk-Tek by going to their website (https://www.berktek.us/). You may find more information about Berk-Tek’s parent company, Nexans, by going to their website (https://www.nexans.com/). Please note that the Nexans (parent company) does not guarantee the lease. The following link provides press release information, from September of 2018, regarding collaboration between Berk-Tek and Cree regarding Best Practices for Integrating Smart Lighting into the LAN. Nexans is an international company headquartered in Paris, France. The Property is located at 201 Dickens Road in Fuquay-Varina, at the corner of Dickens Road and Technology Park Lane. The Building is approximately 33,200 square feet with approximately 4,450 square feet of office space. The entire building is 100% conditioned. The Building is steel frame with precast concrete and brick veneer with a metal roof. The Property is located on approximately 8.64 acres, of which approximately 3.24 acres are separate lots that could be used for expansion. The current owner has plans for an approximately 30,000 square foot industrial building with approximately 5,000 square feet of office space. The plans are preliminary, but were almost to the point of being taken to the permit stage. Please note that Berk-Tek owns and occupies a building adjacent to the Subject Property. A six year lease extension/renewal has been fully executed, by way of a Second Amendment To Lease. The new term shall commence on May 1, 2019 and expire on April 30, 2025. The first year estimated net operating income (NOI) is $249,000. There are three percent (3%) annual escalations. This is a triple net lease, with the Landlord’s obligations relating to the following: roof, building exterior, structure, and parking lot. The Tenant covers all of the expenses and obligations, which include: doors, locks, overhead doors, electrical, plumbing, and mechanical systems. Please note that the Property is in the NC Brownfields Program (https://deq.nc.gov/about/divisions/waste-management/bf). Documentation regarding the Properties inclusion in the Brownfields Program can be provided as requested and upon execution of a confidentiality agreement.