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500 E Gannon Ave
Zebulon, NC 27597
Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Fully Leased Asset
- Prime Investment Opportunity
EXECUTIVE SUMMARY
This is a rare opportunity to acquire a fully leased 66,148 SF Heavy Industrial building with exceptional upside potential. Strategically located in close proximity to Raleigh, Durham, and Chapel Hill, this property offers access to three of North Carolina’s most dynamic economic hubs, making it highly attractive for both tenants and investors.
Key Investment Highlights:
Fully Leased Asset: Immediate income with a stable tenant base occupying the entire 66,148 square feet.
Value-Add Opportunity: Additional land on-site offers the potential for expanded square footage, allowing investors to scale the asset and maximize returns.
Below Market Leases: Current lease rates are under market value, presenting an opportunity to significantly increase NOI through lease renewals or turnover.
Prime Location: Just minutes from Raleigh, Durham, and Chapel Hill – areas known for their strong employment growth, educational institutions, and vibrant tech and healthcare sectors.
Key Investment Highlights:
Fully Leased Asset: Immediate income with a stable tenant base occupying the entire 66,148 square feet.
Value-Add Opportunity: Additional land on-site offers the potential for expanded square footage, allowing investors to scale the asset and maximize returns.
Below Market Leases: Current lease rates are under market value, presenting an opportunity to significantly increase NOI through lease renewals or turnover.
Prime Location: Just minutes from Raleigh, Durham, and Chapel Hill – areas known for their strong employment growth, educational institutions, and vibrant tech and healthcare sectors.
PROPERTY FACTS Under Contract
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1968 |
| Property Subtype | Manufacturing | Parking Ratio | 2.49/1,000 SF |
| Building Class | B | Clear Ceiling Height | 14’6” |
| Lot Size | 8.38 AC | No. Dock-High Doors/Loading | 5 |
| Rentable Building Area | 66,148 SF | No. Drive In / Grade-Level Doors | 1 |
| Zoning | HI (Heavy Industrial) - Heavy Industrial | ||
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 8.38 AC |
| Rentable Building Area | 66,148 SF |
| No. Stories | 1 |
| Year Built | 1968 |
| Parking Ratio | 2.49/1,000 SF |
| Clear Ceiling Height | 14’6” |
| No. Dock-High Doors/Loading | 5 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | HI (Heavy Industrial) - Heavy Industrial |
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
PROPERTY TAXES
| Parcel Number | 2705.11-56-7290-000 | Improvements Assessment | $4,938,882 |
| Land Assessment | $359,671 | Total Assessment | $5,298,553 |
PROPERTY TAXES
Parcel Number
2705.11-56-7290-000
Land Assessment
$359,671
Improvements Assessment
$4,938,882
Total Assessment
$5,298,553
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