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2490 Reliance Ave 21,967 SF Flex Building Apex, NC 27539 $5,711,420 ($260/SF) 6.72% Cap Rate
Investment Highlights
- Very attractive, well-maintained light industrial building in well-located industrial park
- Strong tenant with long-tenure at this location
- Excellent lighting - clean and bright facility
Executive Summary
Occupied under five-year NNN lease (2026-2031) with two 5-year options, to a large precision CNC and EDM machine shop operator. The 40-year old operating business has been at Reliance Ave location for 28 years.
Original building constructed in 1998 and expanded in 2015.
Approx 17k s.f. manufacturing/storage, 5k s.f office/breakroom/conference room split.
Original building constructed in 1998 and expanded in 2015.
Approx 17k s.f. manufacturing/storage, 5k s.f office/breakroom/conference room split.
Property Facts
Amenities
- Controlled Access
- Front Loading
- Security System
- Signage
- Reception
- Storage Space
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
- Breakroom
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0751.10-25-7552-000 | Improvements Assessment | $4,177,922 |
| Land Assessment | $780,810 | Total Assessment | $4,958,732 |
Property Taxes
Parcel Number
0751.10-25-7552-000
Land Assessment
$780,810
Improvements Assessment
$4,177,922
Total Assessment
$4,958,732
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Presented by
Bradbury Real Estate Group, LLC
2490 Reliance Ave
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