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2804 Crusher Run 12,000 SF 100% Leased Flex Building Wake Forest, NC 27587 $2,700,000 ($225/SF) 6.99% Cap Rate
INVESTMENT HIGHLIGHTS
- Net Operating Income (NOI): $188,686 / year
- Fully leased under NNN & Gross structures with 3% annual rent increases
- Excellent location near US-1 / Capital Blvd, minutes to Raleigh and Wake Forest
EXECUTIVE SUMMARY
Exceptional opportunity to acquire a 12,059 SF multi-tenant flex/industrial property on 2.15 acres in the high-growth Wake Forest market. This well-maintained asset is fully leased under Modified Gross lease structures with annual 3% rent escalations, providing stable income and consistent appreciation.
Zoned LI (Light Industrial), the property offers excellent flexibility for a wide range of commercial, service, and light industrial uses. The building features multiple drive-in bays, dedicated office areas, and ample on-site parking, making it ideal for long-term tenancy retention.
Strategically positioned just off US-1 / Capital Blvd, the site benefits from strong regional access to Raleigh, Durham, and the greater Triangle area, supporting both investor demand and continued rent growth in this expanding submarket.
Zoned LI (Light Industrial), the property offers excellent flexibility for a wide range of commercial, service, and light industrial uses. The building features multiple drive-in bays, dedicated office areas, and ample on-site parking, making it ideal for long-term tenancy retention.
Strategically positioned just off US-1 / Capital Blvd, the site benefits from strong regional access to Raleigh, Durham, and the greater Triangle area, supporting both investor demand and continued rent growth in this expanding submarket.
PROPERTY FACTS
AMENITIES
- Signage
- Storage Space
- Air Conditioning
- Fiber Optic Internet
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PROPERTY TAXES
| Parcel Number | 1739.04-73-6636-000 | Improvements Assessment | $1,529,596 |
| Land Assessment | $290,327 | Total Assessment | $1,819,923 |
PROPERTY TAXES
Parcel Number
1739.04-73-6636-000
Land Assessment
$290,327
Improvements Assessment
$1,529,596
Total Assessment
$1,819,923
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2804 Crusher Run
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