Industrial Flex Facility for
2333 Eric Ln Burlington, NC 27215
2333 Eric Ln, Burlington, NC, 27215
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For Sale
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A 1962-built, climate-controlled industrial flex facility zoned Light Industrial and fully leased.
Property Size146,905 SF
Price / SF$81.69
Days on Market112
Property Features for 2333 Eric Ln
General Information
- Standard status
- Active
- Size
- 146,905 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1962
Listing agency
Vakos Real Estate Services
(540) 847-9449
Listed by
Chandler Cox · License #0225272902
Source
Crexi
Added: Apr 1 Updated: Jul 21 at 3:28AM Checked: Jul 21 at 3:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vakos Real Estate Services
Investment Insights
Based on property information with market context.
This for-sale industrial flex facility was originally constructed in 1962 and has been adapted to support modern operations. The property includes a substantial climate-controlled warehouse component designed for storage and distribution functions, along with retail components integrated into the overall layout. The asset is fully leased with 100% occupancy.
Zoned Light Industrial (LI), the facility is positioned in Burlington, North Carolina, within an active industrial corridor. It is described as being near major transportation routes and designed to support logistics-driven use.
For investors and operators seeking a functional hybrid industrial asset, the property offers in-place tenancy and a configuration that combines climate-controlled warehousing with operational flexibility.
Zoned Light Industrial (LI), the facility is positioned in Burlington, North Carolina, within an active industrial corridor. It is described as being near major transportation routes and designed to support logistics-driven use.
For investors and operators seeking a functional hybrid industrial asset, the property offers in-place tenancy and a configuration that combines climate-controlled warehousing with operational flexibility.
Key Highlights
- 146,905 SF mission‑critical industrial flex facility in Burlington, NC
- Fully leased with 100% occupancy and a tenant using the property as an operational facility
- Originally built in 1962 and adapted for modern operational demands
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $910.8k | $6.20 |
| − Vacancy | −$84.7k | −$0.58 |
| EGI | $826.1k | $5.62 |
| − OpEx | −$247.8k | −$1.69 |
| NOI | $578.3k | $3.94 |
146,905 SF · lease $6.20/SF/yr · vacancy 9.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$41.30M
$36.14M – $48.18M
NOI $2,890,958 @ 7.0% cap · market cap 24.09%
Second Best
Warehouse
$16.57M
$14.50M – $19.33M
NOI $1,159,781 @ 7.0% cap · market cap 9.66%
Theoretical Best
Office A
$48.43M
$42.38M – $56.51M
NOI $3,390,386 @ 7.0% cap · market cap 28.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - A 1962-built, climate-controlled industrial flex facility zoned Light Industrial and fully leased.
Where is this flex space located?
The property is located at 2333 Eric Ln Burlington, NC.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: 146,905 SF mission‑critical industrial flex facility in Burlington, NC; Fully leased with 100% occupancy and a tenant using the property as an operational facility; Originally built in 1962 and adapted for modern operational demands
