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521 Milling Rd 185,742 SF 18% Leased Industrial Building Mocksville, NC 27028 $5,880,000 ($31.66/SF) 8.75% Cap Rate
INVESTMENT HIGHLIGHTS
- ±16’ ceiling heights with multiple dock doors and drive-in doors.
- Public water and public sewer
- 18.0 acres with space for outdoor parking and storage
- Ownership will modify, improve, or customize property with acceptable lease terms
- 3,200 amps, 277-480volt 3-phase power
- Fully sprinklered with new roof
EXECUTIVE SUMMARY
PROPERTY FACTS
UTILITIES
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Oil (Steam)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Manufacturing
- -
- $2.04
- Triple Net
- Apr 2029
Renaissance Fiber is a clean-tech fiber manufacturer. They operate the only hemp fiber supply chain in the United States using a proprietary hemp degumming process that is exceptionally low cost, Ecologically Invisible™, and sequesters carbon at geologic time scales, creating a net-positive impact on the planet to pass on to their partners and consumers.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Manufacturing | - | $2.04 | Triple Net | Apr 2029 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
±58,877 - 151,756 SF available in Mocksville. ±16’ ceiling heights, with multiple dock doors and drive-in doors. Ownership will modify, improve, or customize property (including adding additional docks/drive-ins) with acceptable lease terms. Public water and public sewer. 3,200 amps, 277-480volt 3-phase power. 18.0 acres with space for outdoor parking and storage. Fully sprinklered with new roof. Located less than 4 miles from I-40, 2 miles from Highway 64, and less than 1 mile from Highway 158. One hour drive to Charlotte and 30 minutes to Winston-Salem. Estimated NNN charges: ±$0.59.
| Space | Size | Space Use | Condition | Available |
| Ground | 58,877-151,756 SF | Industrial | Full Build-Out | Now |
Ground
| Size |
| 58,877-151,756 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
Ground
| Size | 58,877-151,756 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
±58,877 - 151,756 SF available in Mocksville. ±16’ ceiling heights, with multiple dock doors and drive-in doors. Ownership will modify, improve, or customize property (including adding additional docks/drive-ins) with acceptable lease terms. Public water and public sewer. 3,200 amps, 277-480volt 3-phase power. 18.0 acres with space for outdoor parking and storage. Fully sprinklered with new roof. Located less than 4 miles from I-40, 2 miles from Highway 64, and less than 1 mile from Highway 158. One hour drive to Charlotte and 30 minutes to Winston-Salem. Estimated NNN charges: ±$0.59.
PROPERTY TAXES
| Parcel Number | I5-000-00-031-01 | Improvements Assessment | $4,261,780 |
| Land Assessment | $325,150 | Total Assessment | $4,586,930 |
PROPERTY TAXES
Presented by
521 Milling Rd
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