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THE EXCHANGE 2 Industrial Properties Offered at $13,068,000 in Wilmington, NC
Investment Highlights
- Fully Leased, Net Lease Structures, Industrial Investment
Executive Summary
The Exchange is a 106,000-square-foot multi-tenant industrial facility situated on ±8.4 acres located in Wilmington, North Carolina. This fully leased three (3) tenant asset presents an opportunity to acquire a rock-solid investment in one of the top 10 fastest growing MSA’s across the country.
The property is positioned along Highway 421 near the access ramps to I-140 which provides an outer thoroughfare around Wilmington, linking it to Highway 17/74/76 in Leland, I40, and Highway 17 in Porters Neck. This property provides central interconnectivity to service Southeastern NC and other parts of the State such as Raleigh, Charlotte, Greensboro, and areas like Myrtle Beach in SC.
3700 / 3720 Highway 421 offers investors immediate scale in one of Wilmington’s most established industrial locations. The two-building asset is fully leased to three tenants under net lease structures, with contractual rent growth modeled through 2033. Sale price reflects a going-in cap rate of ±6% beginning January 1, 2027.
Tenants are not to be disturbed. All showings must be scheduled through the listing firm with a signed and executed confidentiality agreement.
The property is positioned along Highway 421 near the access ramps to I-140 which provides an outer thoroughfare around Wilmington, linking it to Highway 17/74/76 in Leland, I40, and Highway 17 in Porters Neck. This property provides central interconnectivity to service Southeastern NC and other parts of the State such as Raleigh, Charlotte, Greensboro, and areas like Myrtle Beach in SC.
3700 / 3720 Highway 421 offers investors immediate scale in one of Wilmington’s most established industrial locations. The two-building asset is fully leased to three tenants under net lease structures, with contractual rent growth modeled through 2033. Sale price reflects a going-in cap rate of ±6% beginning January 1, 2027.
Tenants are not to be disturbed. All showings must be scheduled through the listing firm with a signed and executed confidentiality agreement.
Property Facts
| Price | $13,068,000 | Number of Properties | 2 |
| Price / SF | $124.46 / SF | Individually For Sale | 0 |
| Cap Rate | 5.98% | Total Building Size | 105,000 SF |
| Sale Type | Investment | Total Land Area | 16.90 AC |
| Status | Active |
| Price | $13,068,000 |
| Price / SF | $124.46 / SF |
| Cap Rate | 5.98% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 105,000 SF |
| Total Land Area | 16.90 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3700 N Highway 421, Wilmington, NC 28401 | Industrial | 65,000 SF | 1983 | - |
| 3720 US Highway 421 N, Wilmington, NC 28401 | Industrial | 40,000 SF | 2021 | - |
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Contacts
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Cody Cress, SIOR -
Tyler Pegg -
The Cress Group at Sun Coast Partners Commercial
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