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2138 Surrett Dr 10,000 SF Specialty Building Offered at $2,160,000 at a 7.42% Cap Rate in High Point, NC 27263
Investment Highlights
- Newly developed industrial/flex property located within minutes of US-29, I-74, and I-85.
- Delivers predictable income with reported 7.41 percent capitalization rate and full occupancy.
- Proximity to High Point University, retail services, and a strong labor force.
- Fully stabilized, multi-tenant asset with ten drive-in bays and 16-foot ceiling heights.
- Situated on a 2.93-acre corner lot with expansion potential for parking or container storage.
Executive Summary
This newly constructed multi-tenant small bay industrial asset presents an exceptional opportunity in High Point, North Carolina. Designed for functionality and long-term durability, the property consists of two high-quality buildings situated on approximately 2.93 acres, strategically positioned just 0.3 miles from US-29 and minutes from I-74 and I-85. The configuration features ten drive-in bays, 16-foot clear heights, and dedicated restrooms, offering versatile space for contractors, service providers, and storage operators.
Fully leased at delivery, this offering provides investors with stable income backed by 100 percent occupancy, delivering a reported 7.41 percent cap rate and NOI of $160,200. Limited industrial vacancy and strong small bay demand in the Triad region make this property an attractive addition to any portfolio. Additional undeveloped land on-site also offers flexibility for expanded parking or storage rental opportunities in the future.
Positioned near major distribution corridors and only minutes from regional connectors, the asset caters to the growing local economy, supported by High Point’s robust manufacturing, logistics, and service base. This property combines modern design and operational efficiency for long-term investment performance.
Fully leased at delivery, this offering provides investors with stable income backed by 100 percent occupancy, delivering a reported 7.41 percent cap rate and NOI of $160,200. Limited industrial vacancy and strong small bay demand in the Triad region make this property an attractive addition to any portfolio. Additional undeveloped land on-site also offers flexibility for expanded parking or storage rental opportunities in the future.
Positioned near major distribution corridors and only minutes from regional connectors, the asset caters to the growing local economy, supported by High Point’s robust manufacturing, logistics, and service base. This property combines modern design and operational efficiency for long-term investment performance.
Property Facts
| Price | $2,160,000 | Building Class | B |
| Price Per SF | $216 | Building Size | 10,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.42% | Year Built | 2026 |
| Property Type | Specialty | Parking Ratio | 1.9/1,000 SF |
| Property Subtype | Self-Storage | ||
| Zoning | LI - Light Industrial | ||
| Price | $2,160,000 |
| Price Per SF | $216 |
| Sale Type | Investment |
| Cap Rate | 7.42% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Building Size | 10,000 SF |
| No. Stories | 1 |
| Year Built | 2026 |
| Parking Ratio | 1.9/1,000 SF |
| Zoning | LI - Light Industrial |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
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