131 Business Park Dr Indian Trail, NC 28079-9432

Property Details for 131 Business Park Dr

Year built

1994

Lot size

0.92 lot acres

Property size

20,700 SF

Zone code

GBD INDIAN TRAIL

Property type

Warehouses

Property subtype

Self storage facilities

APN

07-084-410

APU

7084410

Description

This exceptional 24,000-square-foot industrial flex warehouse in Indian Trail, North Carolina, presents a compelling owner-user opportunity. Located at 131 Business Park Dr, 28079, this single-tenant property boasts a 100% occupancy rate with a lease expiring September 30, 2026, offering approximately 1.9 years of remaining lease term. The building, constructed in 1994 and renovated in 2001, features an all-brick exterior and is offered below replacement cost. The functional space is divided into 27% office and 73% warehouse, with a desirable 16.5-foot ceiling height. Four loading docks facilitate efficient operations. The property sits on a 1.84-acre lot and includes 27 parking spaces. The asking price is $2,825,000, representing a compelling $117.71 per square foot and a 5.25% capitalization rate based on a Net Operating Income (NOI) of $148,399. The property is zoned GBD and benefits from its proximity to I-485 and Highway 74 Bypass, providing excellent access to major transportation arteries. Union County's low vacancy rate of 1.2% and significant rent growth (over 37% in the previous three years) underscore the strong market fundamentals. This is a rare opportunity to acquire a well-maintained, high-performing industrial asset in a thriving location.

Location Insight

City

Indian Trail

County

Union

State

North Carolina

Longitude

-80.6611

Latitude

35.0791

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments