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3805 S Wilmington St 21,479 SF Flex Building Raleigh, NC 27603 $3,600,000 ($167.61/SF) 7% Cap Rate
Investment Highlights
- NNN Sale Leaseback Investment Opportunity
- Long Term Investment Opportunity
- Renovated in 2022
Executive Summary
Excellent investment opportunity. NNN Sale-Leaseback with 10 year lease.
Property Facts
| Price | $3,600,000 | Rentable Building Area | 21,479 SF |
| Price Per SF | $167.61 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built/Renovated | 1965/2022 |
| Cap Rate | 7% | Tenancy | Single |
| Sale Condition | Sale Leaseback | Parking Ratio | 1.02/1,000 SF |
| Property Type | Flex | No. Dock-High Doors/Loading | 5 |
| Property Subtype | Flex Research & Development | No. Drive In / Grade-Level Doors | 2 |
| Building Class | C | Cross Streets | Tryon Rd |
| Lot Size | 1.55 AC | Opportunity Zone |
Yes
|
| Zoning | IX-3 - Industrial | ||
| Price | $3,600,000 |
| Price Per SF | $167.61 |
| Sale Type | Investment NNN |
| Cap Rate | 7% |
| Sale Condition | Sale Leaseback |
| Property Type | Flex |
| Property Subtype | Flex Research & Development |
| Building Class | C |
| Lot Size | 1.55 AC |
| Rentable Building Area | 21,479 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1965/2022 |
| Tenancy | Single |
| Parking Ratio | 1.02/1,000 SF |
| No. Dock-High Doors/Loading | 5 |
| No. Drive In / Grade-Level Doors | 2 |
| Cross Streets | Tryon Rd |
| Opportunity Zone |
Yes |
| Zoning | IX-3 - Industrial |
Amenities
- Signage
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 1701.06-49-3835-000 | Improvements Assessment | $483,493 |
| Land Assessment | $1,012,770 | Total Assessment | $1,496,263 |
Property Taxes
Parcel Number
1701.06-49-3835-000
Land Assessment
$1,012,770
Improvements Assessment
$483,493
Total Assessment
$1,496,263
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